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"As investors continue to gravitate toward independent advice models, we expect to see sustained growth in the RIA channel," said
The RIA channel accounted for
- Total third-party long-term mutual fund and ETF assets under management (AUM) in the first half of 2014 increased to
$9.3 trillionfrom $8.5 trillionat the end of 2013 (9.8 percent increase).
- Combined, the retail channels – registered investment advisors, independent/regional broker dealers, wirehouse broker dealers, and discount brokers – totaled almost
$6 trillionin AUM or 64 percent of all third-party distribution of long-term mutual funds and ETF assets.
Earlier this year, Broadridge issued a report titled, "The RIA Channel – A Roadmap for Driving Growth," highlighting the opportunities that the RIA channel presents for fund firms. "By understanding the unique characteristics of these firms in terms of product usage, the client base they serve, and their general investment philosophies, funds can better position their products and grow assets," added Polefrone.
Broadridge's Fund Distribution Intelligence tool comprises the most complete sales and asset data collection in the industry, creating transparency into more than
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