Tiburon Strategic Advisors, a market research & strategy consulting firm serving a wide variety of financial institutions and investment managers, is pleased to announce the release of its newly updated research report on Financial Advisor Profiles. This research release summarizes some of the report's key findings.

The purpose of this report is to provide readers with an initial understanding of the profiles & best practices of leading financial advisory firms across a wide variety of traditionally defined channels. The report includes detailed profiles of over 700 leading financial advisory firms (a wholesaler's bible), seeking to identify best practices in critical activities such as sales & marketing, staffing & compensation, technology use, & succession planning. This is Tiburon’s second draft of this report.

Tiburon’s first draft of this report was published in 2005; that version was bundled with Tiburon’s equally detailed financial advisor benchmarking & best practices research report, and it focused primarily on developing an organized structure for reviewing financial advisor benchmarking data and establishing profiles on hundreds of financial advisory firms across a dozen categories, including wirehouse, regional, & boutique broker/dealer brokers, independent reps, fee-based financial advisors, and CPAs & other tax professionals.

This is Tiburon’s second draft of this report; it is now unbundled from Tiburon’s financial advisor benchmarking & best practices research report, which has allowed Tiburon to align this report’s table of contents with other Tiburon research reports. This report has also been coordinated with the findings from Tiburon’s financial advisor mergers & acquisitions research report, and dozens of new profiles have been added, including those for the Focus Financial Partners’ firms, as well as Argent Financial Group, Oxford Financial Group, Trust Company of Illinois, & Trust Company of Virginia.

• Veritable & Silvercrest Asset Management group lead all fee-based financial advisors in assets under management with $9.4 & $8.6 billion respectively
  
• Argent Financial Group has gathered $1.4 billion assets under administration, up 2,800% since 1990
  
• Argent Financial Group has gathered $175 million assets under administration per offices
  
• Aspiriant has $5.0 billion assets under management, up 1000% since 2002 due in part to the merger between Kochis Fitz & Quintile
  
• Boston Private Financial Holdings’ Bingham, Osborn, & Scarborough generates $7.6 million revenues, up almost 100% since 2000.
  
• Boston Private Financial Holdings’ Bingham, Osborn, & Scarborough generates almost all of its revenues from investment advisory fees.
  
• Boston Private Financial Holdings’ Sand Hill Advisors serves 155 clients, down since 2003 due to its small accounts initiative.
  
• Boston Private Financial Holdings’ Sand Hill Advisors’ clients average $10 million net worth.
  
• Boston Private Financial Holdings’ Sand Hill Advisors’ average accounts size is 6.5 million.
  
• Fisher Investments manages $45 billion in assets, up 2,000% since 1997
  
• Fisher Investments’ private client group spends $45 million per year on direct mail and web advertising
  
• Fisher Investments’ private client group creates over three-quarters of its leads from direct mail and web advertisement
  
• Fisher Investments’ average private client group account is $1.4 million, up from $1.2 million in 2006, with its core market being $1 - $3 million clients
  
• Fisher Investment’s institutional assets under management are more than half in its foreign equity investment style
  
• Legacy Wealth Management’s operating income is about one-sixth of its revenues, with indirect costs being higher than direct costs
  
• Moneta Group has 17,333 accounts
  
• Moneta Group has $7.9 billion assets under management, up over 60% since 2006
  
• RM Davis has an average client account size of $1.2 million
  
• Silvercrest Asset Management Group has $8.6 billion assets under management, up over 50% since 2006.
  
• Ron Blue has $2.5 billion assets under management, up 10% since 2000.
  
• Ron Blue generates $26 million revenues, up over 100% since 1996.
  
• Focus Financial Partners has 18,000 clients, up over 50% since 2007.
  
• Focus Financial Partners has $27 billion assets under management, up almost 500% since 2006, and up slightly since 2007.
  
• Kanaly Trust has $2 billion assets under management, up a drastic 2,000 fold from $1 million at its founding in 1975