The number of investment advisers registered with the Securities and Exchange Commission and their assets under management grew steadily to record levels last year, according to a study released this week by the Investment Adviser Association and National Regulatory Services.
The report, 2019 Evolution Revolution, is based on Form ADV data on file in April.
“Our profession is experiencing continued growth as increasing numbers of investors recognize the value of fiduciary advisers,” IAA chief executive Karen Barr said in a statement. “This year’s report demonstrates that advisers are continuing to fuel the economy and the capital markets, providing high-quality jobs and adding new small business players in the financial services ecosystem.”
Following are some data points from the report.