RIA Asset Boom

For the third year in a row, the registered investment advisor (RIA) industry enjoyed strong asset growth. RIA assets under management rose 18 percent over 2005 to a seven-year high of $124 million, versus just a 5 percent rise on the S&P 500 for the period, according to data from Rydex AdvisorBenchmarking. That growth is due to a significant expansion in client base for RIAs over the past three years, as well as “continued strong investment by the large and wealthy generation of baby boomers,” the Rydex report says.