The real reason behind advisory firms’ big gains in AUM
The average firm saw a 19.2% increase in assets under management year-over-year in 2013. What was behind the growth?
As the bull market continued to advance throughout 2013, advisory firms experienced another banner year, with the average firm seeing a 19.2% increase in AUM year-over-year, according to preliminary data from the 2014 InvestmentNews Financial Performance Study of Advisory Firms.
The report, which i
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