Assets under management and state-registration among RIAs are up this year, with Dodd-Frank Act requirements resulting in a major industry shift.
Total regulatory assets under management reported by all investment advisors as of April 2013 grew to $54.8 trillion from $49.4 trillion in July 2012, according to new research by the Investment Adviser Association and National Regulatory Services. While the total number of SEC-registered investment advisors increased only slightly, from 10,511 in July 2012 to 10,533 in April 2013, the big shift occured among advisors switching to state registration.
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