08.20.24

Wealth Managers, B-Ds Still Boosting Revenues Despite Margin Pressure

by: Alex Padalka

Wealth managers and brokerages can expect to see continued revenue growth despite a drop-off in margins, according to a report from Fitch Ratings. The firms had a boost in transaction-based and advisory revenues in the first half of this year thanks to an increase in client activity and the rising value in assets under management, strengthened by market appreciation, organic net new client flows and steady advisor recruiting, the report states.

Read the full article on Financial Advisor IQ