06.20.24

Number Of U.S. RIAs Soars to New Record

by: Tracey Longo

The number of investment advisors reached an all-time high last year, as did total employment in the sector, while assets under management also increased substantially, according to study by the Investment Adviser Association (IAA) and consulting firm COMPLY. Asset management clients also showed continued growth, with the industry working with 56.7 million clients in 2023, a 4.4% increase over last year. The number of total clients also increased by 3.5% over last year.

Read the full article on Financial Advisor