Summary: The assets under management of RIAs and dually registered advisors (RIAs also registered as brokers) have grown from almost nothing in the mid-1980s to just under $2.8 trillion at the end of 2013, according to data from research firm Cerulli Associates. In the last five years, AUM growth has averaged 14.5 percent vs. 9.4 percent for the entire industry.
 I think the growth will continue and possibly accelerate,There's been a shift in the way people do business,It's moving from professional sellers to professional buyers, and it's about clients now, not products..”Mark Tibergien, CEO of Pershing Advisor Solutions. |
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