 Overall, the RIA channel saw the biggest growth in client assets from 2012 to 2013, but every single channel overall saw double digit growth—the first time since the financial crisis, Aite reports."
Aite Group’s 2014 Wealth Management report
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RIAs Gaining Ground, But Wires More Productive
Megan Leonhardt | wealthmanagement.com, August 2014
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Summary: RIAs may be the fastest growing channel, but despite the recent billion-dollar breakaway teams going independent, wirehouse advisors are still more productive. The wirehouses employ a total of 54,189 advisors, but manage $6 trillion in client assets, according to Aite Group’s 2014 Wealth Management report. Meanwhile there are 58,112 independent RIAs, but they only oversee $2.3 trillion in client assets—less than half of the assets held by the big brokerage firms.
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