The number of fee-only financial advisers has been relatively flat in recent years - there are 10,466 Securities & Exchange Commission registered fee-only financial advisers – but the number will increase to 27,000 by 2012, according to research from Tiburon Strategic Advisors.
Although all advisers plan to increase their use of managed accounts, registered representatives at broker-dealer firms are twice as likely to plan on doing so.
The registered investment adviser (RIA) industry has grown significantly in two years, driven by growth of existing firms, new entrants to the market, and the growth of the capital markets.
Independent registered investment adviser (RIA) firms' assets under management grew a median of 20% in 2006 and revenues increased at a median rate of 16% during the same period, according to Schwab Institutional.
The registered investment adviser (RIA) market will continue to experience rapid growth in the next five years says a new study from the Pershing Advisor Solutions LLC unit of The Bank of New York Mellon and Moss Adams LLP.