Registered investment advisors’ (RIAs) assets under management rose 28% to an average of $174 million in 2009, up from $136 million in 2008, the 2010 Rydex/SGI AdvisorBenchmarking Annual Study shows. This was the biggest percentage increase in the survey’s 11-year history.

Growth in AUM is the No. 1 goal for 53% of the RIAs surveyed, and that group appears optimistic, indeed, for 42% of those surveyed expect their AUM to grow between 11% and 50% over the next five years. For 79%, growth is expected to be driven by referrals.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.