As we often hear in our industry, “past performance is not indicative of future results.” And while that’s true about performance of any given security, past lessons provide valuable insights for advisors.  In the last decade, the RIA industry landscape has changed considerably. Between 2003 and 2007, advisors experienced dramatic AUM growth. In 2008, however, assets declined significantly due to the reeling economy. As the market environment improved in 2009, so ...

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