RIA asset growth outpaced the growth rate of the global investment markets last year, proving that there is a lot happening beneath the surface propelling the business model as opposed to just “up stocks.”
Market appreciation alone doesn’t explain the continuing growth of the RIA channel. Overall, there was a 21% increase in the total assets under management of all included firms in the InvestmentNews RIA Data Center, from $1.1 trillion at the same time in 2014 to $1.3 trillion this year.
Investment News has an interactive heat map showing which states have the most RIA-managed assets currently. California is number one, thanks in part to its sheer population size as well as having several RIAs that are in the top ten nationwide by assets…
Click over for the rest of the data and to see where your state stands in the revolution.