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.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
