Fueling AUM Growth: 6 Strategies for Advisory Firms
Financial advisory firms on average increased their assets under management a total of 18.9% last year, up from the 16% growth pace in 2016, according to the 2018 InvestmentNews Study of Pricing and Profitability, which was sponsored by Pershing Advisor Solutions.
That 2017 total includes the 4.6% of AUM that advisers lost on average as a result of clients who left and client distributions.
The data reflect data provided by 385 advisory firms that were surveyed between March and June of 2018.
Click through to see where firms added assets.