RIAs Lead Growth Over the Last Decade

Cerulli Report


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Author: Funds Society, Miami

The RIA channel solidified its position over the last decade despite facing a 13% decrease in total channel assets in 2022

Nonetheless, the number of advisors expanded by nearly 8.6% in 2022, twice the annualized rate of 4.4% over the past ten years

The independent RIA model leveraged growth in firm count

The future of the market will be supported by continued investments from private equity firms and industry consolidators, enabling these firms to capitalize on acquisition opportunities among growth-challenged firms with complementary processes, talent, and clients