Summary: RIAs have drawn advisors and assets from the wirehouses and other brokerage segments at an impressive pace; Aite Group, the Boston-based research firm, notes the independent RIA channel is the only one in the industry to grow market share since the crash, taking a 13.7 percent share of $17 trillion in client assets in 2013.
 The sellers are definitely a bit more serious. I think there are more willing sellers because valuations are up. It’s been an ongoing secular trend for independent fee-based advice. I think it’s real. The market’s up and the pie is growing."John Furey, principal and founder, Advisor Growth Strategies. |
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