Summary: McKinsey & Company most recent report on retail asset management is, of course, aimed at helping product providers up their game. But its findings also shed light on the financial-advice business — specifically, where growth is expected to be strongest over the next several years.McKinsey says the wirehouses will capture only 2% of those assets, compared with 28% for RIAs and 21% for independent broker-dealers.
 As they increasingly struggle to acquire new customers, wirehouses must also contend with the growing number of advisors who are moving to independent broker-dealers or striking out on their own, lured by more generous revenue sharing and compensation."
McKinsey & Company
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