Cerulli: Indie Advisors Outnumber Wirehouse Advisors, But Lag in Assets

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Head count has been growing faster among registered investment advisors than at the national brokerage firms, but RIAs still have a ways to go before they catch up to their larger rivals’ assets levels.

That’s according to new data from research firm Cerulli Associates, which said that RIAs’ market share will likely expand in the coming years’ at the expense of rival channels.

The…

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