Ninety percent of independent registered investment advisors say they’ve seen increased growth or no change in the number of new clients during the past six months, according to a TD Ameritrade Institutional study. Findings, which were released last week, also indicate half of new assets at RIAs are coming from wirehouses and broker/dealers.
According to the study, research shows consumers continue to trust and increasingly turn to RIAs in a difficult market. Sixty percent of respondents said they’ve seen an increase in total number of clients during the past six months.
“This survey shows RIA firms have solidified themselves as the model of the future in this difficult market,” said Tom Bradley, president, TD Ameritrade Institutional in a statement. “Advisors are moving full-speed ahead as the independent model gains in popularity with clients.”