Sponsored by BNY Mellon | Pershing 
The number of RIAs has risen sharply in recent years, from 10,754 SEC-registered investment advisors in 2012 to more than 13,000 as of September 2018 The assets they manage have also risen dramatically higher over the same time period: These days, RIAs manage almost $85 trillion AUM, up from $50 trillion. Helping to drive that growth is the profusion of technology platforms and tools available to RIAs. With so many options available to them, advisors can more easily tailor their practices to the specific needs of their clients. In turn, that’s helping make RIAs more attractive to clients, who are increasingly seeking out fee-based, fiduciary relationships and individualized solutions that fit their unique situations.
A recent survey by WealthManagement.com asked nearly 280 advisors across all industry channels about their thoughts around changing firms. The survey addressed the motivations and concerns around transitioning to a new firm. It also asked advisors to weigh in on topics including managing client issues and seeking support during this transition. One of the key messages that came through in the survey is that all advisors, no matter the channel, are focused on how best to serve clients. Another theme: Advisors consistently report their jump to independence was worth it.
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