Last year was a good one for registered investment advisors, according to the 2011 RIA Benchmarking Study from Charles Schwab, the largest focused solely on RIAs.
Firms are managing a 13% increase in clients since before the market downturn. At $7,300 worth of revenue per client for the median firm, revenue was up from 2009’s $6,900 (although still down 13% from a 2007 high), and overall profits were up 45% on average. Most firms ended last year with more revenue and assets than ever before.
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