The April 2023 report examines the U.S. RIA portfolio management and reporting systems market, focusing on vendors serving enterprise-level RIAs. These platforms must provide core functions like account opening, trading, and reconciliation, plus advanced tools for business scaling, compliance, CRM integration, financial planning, dynamic client portals, and customizable reporting. As a silent yet critical driver of business development and efficiency, these systems foster strong client retention. Growth is fueled by breakaway advisors from wirehouses, with 2023 RIA market spending estimated at $1.4 billion.

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