Number of Clients
The median advisor reports having $50 million of AUM and 129 clients, which implies an average account size of $388 thousand.
The median advisory practice revenue reached $427 thousand in 2015 and is forecasted to rise to $470 thousand in 2016.
For 2015, the median net profit is reported at $148 thousand, implying a net profit margin of 34.6%, a level near historical highs.
Thirty-five percent of RIAs fall into the $100,000-$249,000 income range, 30% made less than $100,000 and just over one-third exceeded the quarter million-dollar compensation mark.
An examination of expense categories indicates additional investment to support an increase in value added service offerings.