Discovery Data Updates Retail RIA Channel 10 Year View Report

Clear evidence of a major shift in advisor marketplace.

Retail RIA Channel - A 10  Year View

​​​​​​​​​​​​Discovery Data, the leading financial services industry provider of data and analytics on firms and professionals, has released the 2019 edition of its Discovery Data Retail RIA Channel - A 10 Year View Report, displaying evidence of a massive shift in the advisor marketplace and highlighting a continued transition to the independently owned retail RIA channel over the next 10 years, alongside a traditional advisor channel that is losing market share.

“A variety of key industry trends and expected changes in the years ahead have been revealed or confirmed by the research conducted on Discovery Data Archive™, the only historical industry database built on more than 100 billion data points,” stated Bob Herrmann, CEO of Discovery Data. “The most transformative shift the data shows is a migration of advisors away from being employees of major institutions to being owners or partners of small independent investment advisory firms.”

The move from transaction to advisory, advances in technology and changes in regulations have largely been the drivers of the growth in the independently owned retail RIA channel. The Discovery Data report shows unabated growth in the channel over the past 11 years, resulting in an explosion of independently owned retail investment advisory firms, and the acceleration of that growth over the past few years has led Discovery Data to recommend to its clients that they adjust strategy and shift resources to be best positioned to benefit from this change.

“The launch of new RIA firms has been increasing as advisors across the industry observe the success other advisors are experiencing,” said Bob Herrmann. “Added to the continued launch of new firms is the maturing of the channel, which is resulting in an increase in the number of advisors per firm and the average assets under management per firm.”

With expected asset growth of 159% over the next 10 years to $7.5 trillion, the retail RIA channel may be the most important market segment in 2028.

Clients of Discovery Data reference this report to help with business and strategic planning throughout the year. Updates are provided monthly and made available within Discovery Data. Custom research and consulting are also available to Discovery Data clients as a subscriber to Discovery Data Insights.

About Discovery Data
Discovery Data offers a consolidated view of the financial services and insurance industries, including all BD and RIA firms, over 725,000 reps, 2,200 trust companies and 1.8 million insurance agents. Access to our data is provided via subscription to an online portal and through our Salesforce app, custom API integrations and secure HTTPS and FTP sites. In addition, we are the industry leader in data hygiene services and experts in data-driven market insight, email marketing campaigns and outbound call center lead generation. Many of the world's largest and most successful institutions rely on Discovery Data to understand the industry and to identify, reach and do business with firms and professionals throughout North America. For more information, please visit www.discoveryco.com

Press Contact: 
Discovery Data
info@discoveryco.com
732-933-1899​​

Source: Discovery Data


Categories: Financial and Insurance Services, Asset Management

Tags: Discovery Data, Discovery Data Insights, Financial Services Industry, Independently Owned Retail RIA Firms, Retail Investment Advisory Firms, Retail RIA, RIA Channel, RIA Reps, Ten Year View Report


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