RIAs Getting Bigger Slice Of $7 Trillion Pie

December 18, 2019 by John Hilton

Assets under management are growing at twice the rate for registered investment advisors than independent broker-dealers, according to a leading analyst.

That is one trend line not likely to change anytime soon, said Chip Roame, managing partner of Tiburon Strategic Advisors.

Roame hosted a Thursday conference call that AUM held by RIAs grew 11.3% annually over the past 10 years, Roame said, and 10.4% in the dually registered world. Independent broker-dealers, meanwhile, grew at 5.9% annually. Good, but not great, Roame said.

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Originally Posted at Advisor News on December 13, 2019 by John Hilton.