Direct-to-investor assets have nearly doubled since 2008, outpacing traditional advisory channels, according to new research from Boston-based consulting firm Cerulli Associates.
While still the smallest segment of the market by assets, direct investing, which includes online providers such as E*TRADE and Charles Schwab, has grown to account for around $4.3 trillion of $26.6 trillion of total investable retail assets, Cerulli reported. That number approaches the $5.2 trillion held by wirehouse firms, which still hold the largest market share according to the study.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access