As the number of RIA firms and the assets they manage continues to grow, the percentage that focuses only on pension consulting remains a small fraction of federally registered advisories.
RIAs large enough to be required to register with the Securities and Exchange Commission now manage $66.7 trillion in assets, an 8.1 percent increase over 2014, according the 2015 “Evolution Revolution,” sponsored by Investment Advisor Association and National Regulatory Services, a provider of compliance products to the financial services industry.
There are now 11,473 registered firms, an increase from about 10,500 in 2012, when total assets were closer to $50 trillion.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
