Summary: RIA and dually registered advisory channels will grow their share of the advised assets to 26 percent by 2016, up from 21 percent today, according to a new report by Cerulli Associates. That growth will largely come at the expense of the wirehouse channel, said Cerulli associate director Kenton Shirk.
 The asset growth and share gain of the RIA channel has been so strong that it cannot solely be attributed to advisors choosing the independent business model.” Clients have also increasingly been choosing to hold their assets with an independent advisor."Kenton Shirk, associate director, Cerulli Associates. |
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