The oldest RIAs are 85. How did they become a $144T industry?

"No one picks their RIA because they've got extra fiduciary liability if they do something bad," said Michael Kitces, the longtime planner, writer and entrepreneur from Kitces.com, AdvicePay, the XY Planning Network and Focus Partners Wealth. "You pick your advisor because you think they're going to do something good and work with you effectively in the first place. To me, the growth of the RIA model has very little to do directly with the fiduciary obligation, per se, and it's simply, 'Look, there's one mo ...