RIAs expect faster asset growth in 2018
January 9, 2017 | InvestmentNews
The majority of RIA firms — 78% — expect their assets under management to rise in 2018, with nearly half saying assets will grow faster than in 2017, according to a telephone survey of advisers conducted for TD Ameritrade.
Registered investment advisory firms surveyed said their revenues grew, on average, by 15% during the second half of 2017, while assets under management grew by 16%. Sixty-five percent of RIAs gained new clients last year, for an average growth rate of 16%.
To keep pace with the growth and enhance the client experience, RIAs predict they will make their…