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    Independent registered investment advisory firms in the United States operate in a market where the same firms tend to have the advantage. Custodial referral programs route institutional client flow toward firms that are already large. The result is a distribution system that concentrates growth among a narrow set of firms, while independent RIAs build through direct relationships. David Stevens started Stevens Capital Partners in Omaha, Nebraska, in 2020 with over $100 million in assets under management. The firm grew 35% annually for four consecutive years before posting 92% growth in year five. By most reasonable estimates, it now sits among

    The post How David Stevens Built one of the Largest Black-owned Investment Advisory Firms in the U.S. appeared first on SHOPPE BLACK.

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