RIA Industry Grows Larger, But Small FIrms Still Dominate Industry

The RIA industry hit new records for assets under management and size, according to a recent report. According to the 2017 Evolution Revolution study, sponsored by the Investment Advisor Association and National Regulatory Services, RIA’s aggregate regulatory assets under management (RAUM) has reached a record high of $70.7 trillion as of April 10, 2017. Over the past 12 months, RIAs had grown their RAUM by 5.8 percent, up from $66.8 trillion in 2016. While growth in RAUM outpaced economic growth measured by GDP, it lagged the U.S.

from FA News http://www.fa-mag.com/news/ria-industry-grows-larger--but-small-firms-still-dominate-industry-33974.html