Wirehouse Bleeding of HNW Assets Stabilizes: Cerulli
For the first time in recent memory, wirehouses are retaining their share of assets, including those of high-net-worth investors.
Indie Channels to Hold 38% of Assets by 2016: Cerulli
While wirehouses are expected to keep their lead in assets, indies and dually registered RIAs will benefit most from advisor movement, Cerulli says.
Mega Teams Control 42% of Advisory Market: Cerulli
Mega advisor teams with $500 million or more in AUM are best poised to attract HNW clients, Cerulli says.
Distrust of Big Banks Driving Clients to Indies: Cerulli
"Breakaway brokers" are one reason that RIAs will hold 26% of retail client assets by the end of 2016. But there's more to the story.
Aging Advisors: Bad News for Indies, Good News for Wirehouses
New research suggests that custodians and BDs who partner with independent advisors face a serious risk to their business models as advisors age.
43% of Advisors Older Than 55: Cerulli
“The independent channels are most at risk because they have the oldest advisors on average,” says a Cerulli associate director.