New York, NY, April 20, 2011 – Wealth management firms experienced strong growth, a renewed flow of new clients and productivity levels that are close to or exceeding pre-economic crisis levels – just a few of the key findings from AdvisorOne.com’s Top Wealth Managers Quarterly Pulse Survey based on fourth quarter, 2010 results. Summit Business Media’s AdvisorOne.com is the ultimate online destination for financial advisors.
One-hundred and sixty-two of the nation’s premier wealth management firms participated in the Q4 2010 Pulse Survey. Registered investment advisor (RIA) firms that have their own SEC or state registration and $50 million or more in assets under management (AUM) are eligible to participate in the survey. The Top Wealth Managers Survey & Rankings program includes a more comprehensive annual survey, and three quarterly “pulse” surveys.
“It is wonderful to see these Top Wealth Managers and their clients thrive again. They are recruiting, and recognize the tie between retaining staff and bringing in new clients – which is so often a result of referrals from happy, current clients,” says Kathleen McBride, Wealth editor-in-chief at AdvisorOne.com. “We look forward to the findings of our annual Top Wealth Managers Survey, going on now, and the rankings that follow.”
Highlights from the Q4 Top Wealth Managers Survey include:
- Wealth management firms reported a 20.1% growth in AUM in 2010, and the first time since 2007 that this survey is reporting double-digit percentage growth in new client additions.
- 2010 results have rekindled optimism across the industry as firms of all sizes are projecting revenue growth of between 15.8% - 19.7%.
- While large firms have an advantage, all sizes of registered investment advisor firms have done very well in terms of productivity.
Visit AdvisorOne.com for complete coverage of the survey results and findings, and a look at the quarterly rankings of Top Wealth Managers. The annual and quarterly Top Wealth Managers Surveys are announced in the Inside Wealth Management newsletter. Subscribe (at no cost) here for alerts about upcoming surveys and the rankings.
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Kathleen M. McBride, AIF