Research Released by Pershing

Rise of Super-Ensembles Signals a Profound Shift in the Advisory Industry, Forcing Firms to Reassess Growth Strategies

Date:

Rise of Super-Ensembles Signals a Profound Shift in the Advisory Industry, Forcing Firms to Reassess Growth Strategies

Author: Alicia Miguel

  1. A group of 250 super-ensemble firms are poised to shape the future of the advisory industry and are setting the standard for growth, client service and practice management best practices as evidenced by their impressive revenue and growth
  2. Super-ensembles are advisory firms with more than $1 billion in AUM and are characterized by a defined brand, sophisticated value proposition and strong management
  3. In 2014 the typical super-ensemble had $1,450,000 in owner income on average compared to $430,000 for ensembles (AUM under $500 million) and $305,000 for solo firms (one-advisor practices)