In the financial-advisory industry, there are potential regulatory burdens, fickle investors and crafty competitors—but nothing has changed the relentless march of the registered investment advisor (RIA) space since the 2008 crash.
RIAs have drawn advisors and assets from the wirehouses and other brokerage segments at an impressive pace. It is still the fastest-growing advisory model, a trend that should continue despite the rise of robo-assisted, do-it-yourself investors.
The 10 U.S.-based RIAs on this list have seen the most acceleration, growing their assets under management at record rates over the last 6 1/2 years, according to Discovery Data.
AUM growth is measured from December 2010 to June 2017.