The close relationship between financial advisors and their clients accounts for most of the growth among registered investment advisory firms, one of the authors of a new study said. That conclusion could sound self-evident to wealth management professionals who have grown familiar with the way that the reliable revenue of an advisory relationship is driving…
Tag: RIA
Tax services fuel RIA growth, Fidelity survey shows
After registered investment advisory firms’ assets under management and growth took a hit last year, tax planning and other expanded services could ramp their business back up to speed. In the latest case for branching into areas that are traditionally beyond the services offered by financial advisors, Fidelity Investments’ 2023 RIA Benchmarking Survey showed that…