Wealth Manager Consolidation Intensifies in Pursuit of Capturing Client Walletshare

Cerulli Report


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Author: Funds Society, Miami

According to Cerulli, the top-five wealth management firms control 57% of broker/dealer (B/D) assets under management (AUM) and 32% of B/D advisors, while the top-25 B/D firms and their various affiliates control 92% of AUM and 79% of advisors

According to the research, 57% of advised households would prefer to consolidate their financial assets to a single institution

However, just 32% use the same provider for cash management and investment services