Across all advisor channels, national and regional broker-dealers saw asset growth at thefastest rate in the past year, with the channel seeing asset growthat a 9.1 percent year-over-year growth rate.
That’s 1.9 percent faster than the industry’s 7.2 percentoverall growth.
According to Cerulli Associates, some of that growth was the resultof “European banks exiting the U.S. private wealth business, whichinfused new assets into the channel.”
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