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Matthias Knab, Opalesque: Volatile markets in 2018 drove more investors to seek out the guidance of independent registered investment advisors (RIAs), with RIAs citing nearly 20% growth, on average, both in assets and revenues in 2018.
TD Ameritrade Institutional found in its latest RIA Sentiment Survey that both assets and firm revenues grew by 18%, on average, in the latter half of 2018, with the number of new clients increasing by an average of 14%.
"In times of market uncertainty, investors seek out financial guidance from knowledgeable professionals - independent advisors who focus on their goals, risk tolerance and other details of their financial lives," said Vanessa Oligino, director, business performance solutions at TD Ameritrade Institutional. "RIAs help clients understand their choices for weathering different market cycles so they can keep pursuing their goals."
RIAs expect growth to continue
Looking ahead, RIAs expect the growth trend to continue. Advisors are approaching 2019 with their usual pragmatic optimism, keeping the daily market drama in perspective. They say that U.S. interest rates, corporate earnings and international trade issues are what matter most to client portfolios.
RIAs expect the financial markets will continue helping investors build wealth. 63% of independent advisors are optimistic about the U.S. economy for the near-term, and 47% are optimistic about the global economy. Similar to last year, 47% expect stock pr...................... To view our full article Click here
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