The dually registered and registered investment advisor channels were the fastest-growing for assets under management from 2010 to 2011, Cerulli Associates reported today -- but the two are still dwarfed by assets in the wirehouse channel.

Dually registered assets grew 19%, rising from $772.8 billion in 2010 to $920.7 billion in 2011, according to the Cerulli report, The State of the U.S. Retail and Institutional Asset Management 2012. RIA assets increased 13%, from $1.234 trillion to $1.416 trillion.

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