Boston, August 5, 2015 – The 2008 financial crisis is behind the U.S. wealth management industry; total client assets are at an all-time high (in excess of US$19 trillion), and independent RIAs enjoyed 2014 client asset growth of 15%. But client asset growth isn’t the only way the landscape has changed over the last seven years. The shift to fee-based assets is in full gear, consolidation continues to take shape, and there is no turning back from the digital phenomenon. In this constantly evolving environment, can wealth management firms continue operating under the premise that they cannot be all things to all people?
As an addition to the series of reports on the U.S. wealth management industry since 2007, this report looks at changes that occurred in 2014, considers a historical view, and projects channel market share over the next four years. The analysis in this report leverages publicly available information and Aite Group interviews with firm executives throughout 2014.
This 44-page Impact Report contains 32 figures and two tables. Clients of Aite Group’s Wealth Management service can download this report.