The average advisory practice revenue reached $387 thousand in 2014, an increase of over 12% year-over-year. The lowest revenue range, less-than-$250,000, characterizes 39% of respondents, down from 42% in 2013. The middle ranges were very consistent year-to-year, but the $1-$5 million and $5 million-and-above cohorts both showed increases. Not surprisingly, these findings are consistent with those from our analysis of responses to the AUM questions and reflect a greater number of clients per practice, equity market appreciation, industry consolidation, and possibly a greater number of services offered by advisors in general.
Next Part 4 of 6: Expenses