By Joe Innace | July 26, 2o21

In 2020, assets managed by SEC-registered investment advisory (RIAs) firms increased by 13.2% to $110 trillion, while the number of advisors grew by 2.9% to 13,880, according to the July-published “Investment Adviser Industry Snapshot 2021” from the Investment Adviser Association and National Regulatory Services. The report notes that over the past seven years, the number of SEC-registered investment advisors has increased, while the number of brokerage firms has declined.

“SEC-registered investment advisers range in size from local boutiques to multinational corporations,” the Snapshot 2021 indicated.

Most investment advisors are small businesses, with 50 or fewer employees and one or two offices. For these smaller, boutique firms the focus is on client attraction, client retention, and increasing their assets under management. In short, it’s about building the business— but RIAs do not need to go it alone. Help is at hand.

Read the full article at Advisors Magazine