Panel to look at growth of RIAs, as channel grows in number, assets

April 16, 2024 by Doug Bailey

The number of Registered Investment Advisors is growing faster than all sales channels in both number and assets under management, according to several surveys.

For the past 10 years, the number of independent RIA companies has grown at a compounded annual rate of 2.4% with the number of advisors growing at a rate of 5.3% a year. All other channels were flat or showed declines, according to Cerulli Associates, a wealth and asset management firm.

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Originally Posted at InsuranceNewsNet on April 15, 2024 by Doug Bailey.