Press Release Headlines

RIA in a Box Reveals Insights on RIA Business Activity

NEW YORK, Feb. 25, 2013 /PRNewswire/ — RIA in a Box (, the leading provider of registration and ongoing compliance services to registered investment advisers (RIAs), will complete the firm's largest-ever pool of annual state and SEC registration renewals for its RIA clients, a record that reflects the current growth of the RIA industry.

RIA in a Box Consultant Alyssa Heim confirms that the company is processing state and SEC registration renewals in all 50 states as well as Puerto Rico. "We've completed renewal applications for at least a half-dozen clients in most states, with the largest collections of renewals occurring California, Illinois, Texas, Florida and New York."

During the annual registration renewal process, RIAs update firm documents and submit filings to regulators in their state or federal jurisdictions. Statistics compiled by RIA in a Box from these filings present review of how RIAs operate. One important aspect of the business, compensation, is collected in a variety of ways:

  • 94% of RIAs are paid based on a percentage of Assets Under Management
  • 55% charge their clients on an hourly basis
  • 43% charge fixed fees
  • 10% receive performance-based fees

Some RIAs will offer more than just asset management services during the coming year. "Clients often use additional professional service offerings to both win new asset management business and enhance their firm's value to existing clients," explains RIA in a Box Sales Director Steven Swansig. This year, a number of professional service offerings and outside business activities are popular:

  • 37% of RIAs have staff members who sell insurance products
  • 11% of RIAs offer accounting services through an affiliated entity
  • 9% sell securities through a registered broker-dealer
  • Legal and real estate brokerage services are each offered by 3% of RIAs

"It is extremely important that RIAs keep information such as services offered current on their regulatory filings," emphasizes RIA in a Box Vice President Chris DiTata, adding that "advisers should not wait until the annual renewal to make these changes." With its experienced staff of compliance consultants and services like the Registration Maintenance program that help to keep registration information updated throughout the year, the RIA in a Box team is ready for another year of strong RIA industry growth.

About RIA in a Box and Lexington Compliance

RIA in a Box is located in the heart of Silicon Alley in New York City and is a fast growing, entrepreneurial financial services firm, providing the leading number of registrations and ongoing compliance services to registered investment advisory firms (RIAs) throughout the United States. We take pride in partnering with our clients to establish the highest quality RIAs in the country.

Lexington Compliance is the ongoing compliance consulting division of RIA in a Box, providing advice and guidance to RIAs registered in all 50 states, Washington, D.C., and with the SEC.

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Peter Sullivan
RIA in a Box
(212) 840-1540