• Safi Bello

Independent Advisors’ Continued Growth Supported by Focus on New-to-Firm Clients and Increase in Ave

Charles Schwab press release ------- Independent financial advisor firms are attracting high-net-worth (HNW) investors and adding more new-to-firm client assets as they continue to report year-over-year growth, according to the 2017 RIA Benchmarking Study from Charles Schwab. The median firm AUM has grown to $593 million in 2016 from $358 million in 2012, a 10.0% five-year compound annual growth rate. In addition, profitability remains strong with standard operating margins of 25% in 2016. “Independent advisors are continuing to succeed for two important reasons,” said Jonathan Beatty, senior vice president, sales and relationship management, Schwab Advisor Services. “First, high-net-worth individuals with the most complex financial needs are increasingly seeking the independent model and secondly, within firms of all sizes, advisors are making the right strategic decisions to help them retain their valued clients, win the trust of new clients, and expand and scale their businesses.” To learn more click on the picture below to read the release.

Independent Advisors’ Continued Growth Supported by Focus on New-to-Firm Clients and Increase in Average Client Size - Read More from Charles Schwab

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