Stephen is an associate director in the Wealth Management practice where he leads research into the registered investment advisor (RIA) channels. As part of his research, he is the author of Cerulli’s U.S. RIA Marketplace report and has written on topics including private equity investment in RIAs and the role staff play in RIAs’ pursuit of scale. Additionally, he oversees Cerulli’s Advisor Research Collaborative, an initiative that surveys over 2,000 financial advisors a year.