Despite a confluence of bad news, from the war in Israel to persistent inflation and higher interest rates, the stock market continues to chug along, with the S&P 500 up nearly 12% so far this year. While recession fears may have cooled somewhat—thanks to a strong consumer and steady labor market, uncertainty still abounds. Registered investment advisory (RIA) firms are legally bound by a fiduciary standard, and thus committed to working in a client’s best interest rather than a “suitability” standard which can translate into high commissions. All of the RIAs on Forbes list have strong pedigrees when it comes to providing a steady hand for clients and preserving their wealth over the long term. The second annual Forbes/Shook Top RIA list has 250 advisory firms with cumulative assets of more than $1.1 trillion.
Click here to see the full list of America’s Top RIA Firms of 2023