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Number of Registered Investment Advisors (RIAs) employed in the U.S. 2012-2018

Number of Registered Investment Advisors (RIAs)* employed in the United States from 2012 to 2018

by M. Szmigiera, last edited May 27, 2019
Number of Registered Investment Advisors (RIAs) employed in the U.S. 2012-2018 In 2018, there were 12,578 registered investment advisors (RIAs) working in the United States, up from 10,511 in 2012. These advisors are registered with the U.S. Securities and Exchange Commission or a securities administrator of the state in which they practice.
Why register?

Registration as an RIA gives advisors an advantage in the job market. As with any licensing process, this registration keeps other less-qualified advisors from entering the job market. This means that advisory firms that employ RIAs have an advantage because they can guarantee a level of quality based on the licensing process.

The role of financial advisors

RIAs work primarily for high-net-worth individuals. They manage the portfolios of their clients, using their knowledge to select a mix of financial instruments such as stocks or bonds that have the best outlook. An advisor with a proven track record can earn a generous fee, and many also enjoy a proportion of the profits from the portfolios they manage. However, technology threatens their role. Many investors are turning to robo-investment apps and automated advisors. These robo-advisors choose portfolios based on algorithms and therefore can offer lower fees.
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Number of Registered Investment Advisors (RIAs)* employed in the United States from 2012 to 2018

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by M. Szmigiera, last edited May 27, 2019
In 2018, there were 12,578 registered investment advisors (RIAs) working in the United States, up from 10,511 in 2012. These advisors are registered with the U.S. Securities and Exchange Commission or a securities administrator of the state in which they practice.
Why register?

Registration as an RIA gives advisors an advantage in the job market. As with any licensing process, this registration keeps other less-qualified advisors from entering the job market. This means that advisory firms that employ RIAs have an advantage because they can guarantee a level of quality based on the licensing process.

The role of financial advisors

RIAs work primarily for high-net-worth individuals. They manage the portfolios of their clients, using their knowledge to select a mix of financial instruments such as stocks or bonds that have the best outlook. An advisor with a proven track record can earn a generous fee, and many also enjoy a proportion of the profits from the portfolios they manage. However, technology threatens their role. Many investors are turning to robo-investment apps and automated advisors. These robo-advisors choose portfolios based on algorithms and therefore can offer lower fees.
Show more
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