Highlights from the fourth quarter top wealth managers survey include:
- Wealth management firms reported a 20.1% growth in AUM in 2010, and the first time since 2007 that this survey is reporting double-digit percentage growth in new client additions.
- 2010 results have rekindled optimism across the industry as firms of all sizes are projecting revenue growth of between 15.8% – 19.7%.
- While large firms have an advantage, all sizes of registered investment advisor firms have done very well in terms of productivity.
AdvisorOne.com Wealth editor-in-chief Kathleen McBride said it is wonderful to see these top wealth managers and their clients thrive again. They are recruiting, and recognize the tie between retaining staff and bringing in new clients – which is so often a result of referrals from happy, current clients.
AdvisorOne.com said 162 US wealth management firms participated in the fourth quarter 2010 Pulse Survey.
Registered investment advisor firms that have their own SEC or state registration and $50m or more in assets under management (AUM) were eligible to participate in the survey.
