RIA Assets Jumped 12.6% in 2014: IAA/NRS Study
October 15, 2014 By Melanie Waddell, ThinkAdvisor While most advisors are small businesses, top 1% of advisors manage more than 52% of total AUM, report says Regulatory assets held by advisors registered with the Securities and Exchange Commission increased by $6.9 trillion (12.6%) in 2014 to $61.7 trillion from the $54.8 trillion held last year, with the top 1% of advisors managing more than 52% of that total, according to the Investment Adviser Association and National Regulatory Services' Evolution/Revolution report, released Tuesday. In their 14th annual report based on Form ADV, Part 1 data filed by all SEC-registered advisors as of April 7, IAA and NRS also found that the total number of SEC-registered advisors increased from 10,533 in April 2013 to 10,895 in April 2014. While these advisors employ more than 700,000 persons and serve almost...