Registered investment advisors are clearly on the up and up, and the growth of the sector is exerting pressure on how ETFs and mutual funds are distributed and marketed.

RIA and dually registered advisory channels will grow their share of the advised assets to 26% by 2016, up from 21% today, according to a recent report by Cerulli Associates. That growth will largely come at the expense of the wirehouse channel, according to Cerulli. According to the research firm, headcount in these channels is expected to grow, but at a lower rate than assets. Advisor count should increase from 15% today to about 17.5% through 2016.

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