The six-year bull market has meant more clients in the door, swelling assets under advisement, and that's translated to more money in the pockets of fee-based advisors.
Most are expecting continued growth. Almost all of the RIAs surveyed in Charles Schwab's Independent Advisor Outlook Study —93 percent—think their segment of the financial services industry is on a growth trajectory, with 53 percent saying not only has the industry not matured, but that they expect RIA business to grow at a faster rate than the financial markets.
"The independent model is resonating with both investors and with advisors, and this is driving the dramatic growth we have witnessed to date and expect to continue in the decade ahead," said Bernie Clark, head of Schwab Advisor Services.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
