2021 Assets in Motion Report
This new study from Charles Schwab analyzes the movement to independence as well as RIA industry mergers and acquisitions.
Key findings
- Even in a challenging year, advisors continued to move to independence in 2020.
- New RIA firms represented $70B in 2020 based on first time state and SEC registrations
- New advisors to the RIA industry joining existing RIA firms represented $110B in 2020
- Wirehouse advisors are joining existing RIAs at a higher rate vs. starting their own RIA (~$52B vs. ~$10B)
About the survey
Schwab’s industry transaction data is compiled and analyzed by Schwab Advisor Services. Data reflects transactions involving primarily high-net-worth- and endowment-focused RIA's with more than $50 million in assets under management. The data also includes advisors in transition who joined an existing RIA and received equity consideration as part of the transaction.
Media Contact: Meredith Richard
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