Notwithstanding wobbly equity markets of late, RIAs are overwhelmingly optimistic about what the future holds for their firms.
Charles Schwab surveyed leaders in more than 600 RIA firms advising on more than $209 billion in assets to get a feel for what the industry is expecting in the near term.
Half said they expect between 5 and 10 percent growth next year, 32 percent said they expect to grow between 11 and 20 percent, and 15 percent expect their firm to grow by more than 20 percent.
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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.
