LISA SALVI: Congratulations to all RIA firms for your hard work and success over the last two years. It has led to some great results.
Assets under management were up nearly 20% from the prior year and revenue increased 23% for all firms at the median.
Top performing firms continue to lead the way.
Top performing firms got even stronger growth at the median with nearly 30% increase in both AUM and revenue. The value proposition RIA firms offer is exactly what many investors want and need during times of uncertainty and volatility.
As you can see, it was a great year for RIA firms yet again. I’m consistently in awe of how you all build on these great results, and continue to reach even higher.
A huge thank you to each and every firm who participated in this study. And even if you didn’t participate, please take a look at our website because we will share a wealth of information about where our industry stands and how we’re evolving.