 The RIA channel has begun the transition from a coalition of small businesses to one that is populated by multiadvisor firms, similar to other traditional distribution channels."Cerulli Associates |
Number of RIAs Up 8% Annually Over 8 Years, Other Channels Decline
James Green | Think Advisor, December 2013
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Summary: “RIAs are the sole growth story in a shrinking industry” of advisors, said Bing Waldert, a Cerulli Associates director commenting on the findings in its Cerulli Edge-U.S. Asset Management Edition report released today. Specifically, the report says the number of advisors in the RIA channel grew at an annualized rate of 8% over the years 2004-2012, while other advisor industry channels declined by 1.2% to 2.5%.
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