Market forces aligned in favor of advisory firms for the past few years. By many measures, 2014 was nearly as impressive for advisory firms as 2013, when nearly every major business indicator achieved a record best.
Indeed, based on recent findings from The 2015 FA Insight Study of Advisory Firms: People and Pay
, the typical advisory firm has clearly enjoyed unprecedented success in recent years, but there are no guarantees that this will continue. In particular, the long-running bull market for securities appears to have run its course.
While client growth rates are expected to increase slightly in 2015, a significant anticipated slowdown in AUM growth is poised to affect revenues. These performance trends and others, excerpted from the seventh annual FA Insight study, are detailed ahead.
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