Fund Distribution Intelligence offers monthly, quarterly, annual and total market assets under management by channel as well as geography, providing insight into the distribution of more than $7 trillion mutual fund and exchange-traded fund assets across 900+ distributors. Firms can use the data to make decisions about distribution, product development, and sales and marketing; to allocate resources; and to accelerate growth.
According to figures released by Broadridge’s Access Data, the independent broker/dealer (B/D) channel continued to grow in absolute dollars, accounting for the most mutual fund and exchange-traded fund assets on the books of third-party distributors with $1.82 billion in the second quarter of 2013, compared with $1.47 billion in the same quarter last year. Registered investment advisers (RIAs) ranked second, accounting for nearly $1.50 billion, followed by wirehouses, which represented $1.46 billion in the second quarter of this year. However, percentage-wise, the discount channel experienced the largest growth year-to-date compared with 2012, with a 27% increase. On a quarterly basis, the private bank channel experienced the largest percentage increase from the second quarter of 2012, with a nearly 37% increase.
Frank Polefrone, senior vice president, Access Data, called Fund Distribution Intelligence a good resource for the fund industry to access updated and complete distribution channel trends. “While IBDs and RIAs continue to serve as key distributors of long-term mutual funds and ETFs—a trend that began over the last couple of years—private banks are emerging as important growth channels,” Polefrone said.
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