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“If insurance and annuities had always been commission free, RIAs would be power users,” says David Lau, CEO of DPL Financial which is partnering with SS&C Advent.

It comes as part of “an unprecedented series of extremely low” annual increases, according to an analyst with the nonpartisan Senior Citizens League.

The group of fee-only practices and networks have 1,187 IARs who manage a combined $95.7 billion.

Neil M. Brown is executive director of the Controllers Council, and CMO at Modern Marketing Partners. He is a frequent author and contributor on marketing, startups, accounting and technology topics. Over his 30-year career, he has founded more than 25 companies and associations. Brown earned an MBA from Northern Illinois University, and a BS-Marketing from Southern Illinois University. Connect with him on LinkedIn, or email him at neil@constrollerscouncil.org.

Flows into U.S. fixed-income products this year have already surpassed the total for all of last year.

Among those leaving is Tom Nally, president of TD Ameritrade’s RIA division. He’d been with the company for 26 years.

The regulator would generate an additional $225 million per year from the fee increases.

This year’s RIA Leaders represent an industry that will emerge from a post-COVID world deeply altered.

Anatoliy Knyazev is c-founder at Exante.