Law Firm Bressler, Amery & Ross Launches RIA Practice Group

As Bressler already represents investment advisors, "we are poised to seamlessly expand in that space," Zinn said.

The RIA sector "is on the upswing," with RIAs managing over $80 trillion in assets, Zinn said. She cited the Financial Industry Regulatory Authority's 2018 report showing that the retail financial services industry is shifting away from the broker-dealer model.

From 2008-2017, the number of standalone broker-dealers declined by 21%, FINRA reported. "Dual registrants registered as both broker-dealers and federal covered IAs declined by 35.9%. During that same time period, the total number of IAs increased by 22.6%," Zinn said.

Bressler's clients include small, medium and large retail advisory firms, family offices, fund advisors and asset managers.

"We are strategically focused on expanding our capabilities in an effort to better serve clients' needs," added Knoll. "With the increase in assets under management by investment advisers, we have assembled a multidisciplinary team of attorneys to help steer clients through the highly regulated and complex body of law."