The dramatic increase of new RIAs is a sign that the independent channel remains an attractive place for large advisors to grow, one analyst said. Since 2013, new annual RIA filings have grown by 60 percent, from 150 RIAs in 2013 to 238 last year.
Cyril Tuohy is a writer based in Pennsylvania. He has covered the financial services industry for more than 15 years. He can be reached at [email protected]