Independent registered investment advisory firms are coming of age, and they’re coming into money, too, hitting record levels of revenue and profitability as they record 20 years in business.
That’s according to the Charles Schwab 2015 RIA Benchmarking Study, which found that almost half (42 percent) of the firms participating in the study have doubled their revenue since 2009.
In addition, assets under management (AUM) have increased by 75 percent for half of the firms in the study over the same time period, representing a compound annual growth rate (CAGR) of 12.1 percent.
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