Welcome to the RIA Industry Statistics blog post. Here, we will explore the current state of the RIA industry and discuss the trends that are shaping the future of this sector. We will look at the latest data on the size and scope of the industry, the major players, and the key challenges and opportunities that the industry is facing.
We will also discuss the impact of technological advancements on the industry and the potential implications for businesses and consumers. Finally, we will provide our insights on the future of the RIA industry and the potential opportunities for growth.
RIA Industry: Most Important Statistics
In 2021, there were 8,437 SEC-registered investment advisors managing assets between 100 million and one billion U.S. dollars, and 2,893 managing assets between one and five billion U.S. dollars.
Most individual clients served by investment advisors registered with the SEC from 2017-2021 were non-high net worth individuals, with 14% being high-net worth individuals in 2021.
Ria Industry: Statistics Overview
The number of registered investment advisors (RIAs) in the US has grown annually over the last decade, reaching 14,806 in 2021.
This matters because registration as an RIA gives advisors an advantage in the job market, as it keeps 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 number of SEC-registered investment advisors in the USA increased steadily after 2011 and surpassed pre-2011 numbers, reaching 14,806 in 2021.
This shows the increasing demand for investment advisors, which indicates a growing interest in the Ria industry. This trend is likely to continue in the future, as more people seek out professional advice for their investments.
The total assets managed by SEC-registered investment advisors increased significantly from 2000 to 2021, reaching a peak of over 128 trillion US dollars in 2021.
This demonstrates the growth of the industry over the past two decades, and highlights the potential for further growth in the future. It also shows the potential for investment advisors to manage large amounts of assets, which can be beneficial for both the advisors and their clients.
In 2021, there were 8,437 SEC-registered investment advisors managing assets between 100 million and one billion U.S. dollars, and 2,893 managing assets between one and five billion U.S. dollars.
This shows the size of the RIA industry in the United States. It demonstrates that the majority of investment advisors are smaller, managing assets between 100 million and one billion U.S. dollars, while a smaller number manage assets worth one to five billion U.S. dollars.
This information is useful for understanding the size and scope of the RIA industry in the United States.
CAPTRUST is the leading RIA in the US, with 655 billion U.S. dollars of assets under management in 2021.
This shows the size of the largest RIA companies in the US and provides an indication of the overall size of the industry.
It also provides an indication of the competitive landscape in the industry, as CAPTRUST is the largest RIA and is followed by Edelman Financial Engines with a much smaller amount of assets under management.
Fiducient Advisors had the highest value of assets per client, but was the 13th largest RIA firm in the U.S.
The largest RIA firms in the U.S. are not necessarily the ones with the highest value of assets per client.
This suggests that size is not the only factor that determines success in the RIA industry, and that other factors such as client service and asset management strategies may be more important.
Most individual clients served by investment advisors registered with the SEC from 2017-2021 were non-high net worth individuals, with 14% being high-net worth individuals in 2021.
The majority of clients served by investment advisors are not high-net worth individuals, but the high-net worth individuals still account for the largest share of assets from individual clients.
This indicates that investment advisors should focus on providing services to high-net worth individuals in order to maximize their profits.
Most of the assets managed for individuals by SEC-registered investment advisors were attributable to high net worth clients, despite being a small share of the total individual clients.
High net worth individuals are a key source of revenue for SEC-registered investment advisors, and that advisors should focus on providing services to this demographic to maximize their profits.
Transparency around costs and fees is the most important factor for investors when building a trusting relationship with their financial advisor.
This highlights the need for financial advisors to be open and honest about the costs and fees associated with their services in order to build trust with their clients. This trust is essential for a successful financial advisory relationship.
40% of retail investors working with advisers stated that underperformance was the most likely reason they would consider leaving their adviser or asset manager.
This highlights the importance of performance in the eyes of retail investors. If RIAs want to retain their clients, they must ensure that their performance is up to par. If not, they risk losing their clients to other asset managers or advisers.
Supplementary Statistics
The global Robotic Process Automation (RPA) market size was valued at USD 1.57 billion in 2020.
This statistic is a clear indication that the RPA industry is on the rise and is likely to continue to grow in the coming years. It is an important piece of information for anyone interested in the Ria Industry and its associated statistics.
The global RPA market is expected to grow at a CAGR of 32.8% from 2021 to 2028.
This is a testament to the immense potential of the RPA market, indicating that it is set to experience a rapid growth in the coming years. It is a key indicator of the industry’s future prospects, and is essential for anyone looking to gain insight into the RPA industry’s trajectory. As such, it is an invaluable piece of information for anyone interested in the RPA industry’s statistics.
North America accounted for the largest RPA market share of 37.2% in 2020.
It highlights the region’s commitment to the technology and its potential to revolutionize the way businesses operate. This is an important indicator of the industry’s growth and potential, and it is a key factor in understanding the current state of the RPA market.
The RPA service segment accounted for the largest market share in 2020 and is estimated to reach USD 10.23 billion by 2028.
The RPA service segment is expected to be the driving force behind the industry’s growth in the coming years, with a projected market share of USD 10.23 billion by 2028. This is a clear indication that the Ria industry is set to experience a period of rapid expansion and development.
The automotive industry accounted for the highest RPA adoption with a 36.2% CAGR, driven by increased demand for car customization and a surge in online sales.
It speaks to the increased demand for car customization and the surge in online sales, both of which have been enabled by the implementation of RPA. This statistic is a clear indication of the potential of RPA in the automotive industry and serves as a reminder of the importance of staying up-to-date with the latest Ria industry statistics.
Small and Medium Enterprises (SMEs) segment is expected to witness the fastest growth in RPA implementation in the coming years.
As SMEs are the backbone of many economies, the potential for RPA implementation in this segment could have a significant impact on the overall RPA industry. Furthermore, the faster growth in RPA implementation in the SME segment could lead to increased efficiency and cost savings, which could be beneficial for businesses of all sizes.
Over 40% of all businesses are expected to implement RPA in some form by the end of 2022.
More and more companies are recognizing the potential of RPA to streamline processes and improve efficiency, and are investing in it to stay competitive. This is an important trend to note in any discussion of Ria Industry Statistics.
Globally, the RPA industry has grown at an average annual rate of 60.5% over the past five years.
This highlights the immense potential of the industry and the opportunities it presents for businesses to increase efficiency and productivity. It also serves as a reminder of the importance of staying up-to-date with the latest RPA industry trends and developments in order to remain competitive.
UiPath, Automation Anywhere, and Blue Prism are the top three leading RPA vendors with a combined market share of around 50%.
RPA is becoming increasingly commonplace in businesses, with more and more organizations turning to automation to streamline their processes. This statistic is a clear indication that the RPA industry is growing rapidly and is here to stay.
By 2025, around 60% of companies are expected to have deployed RPA.
Thus, more companies are recognizing the potential of RPA to streamline processes and improve efficiency, and are investing in it to stay competitive. This statistic is a key indicator of the direction the RPA industry is heading, and is an important piece of information for anyone interested in the industry.
92% of European enterprises stated that RPA helped improve compliance and reduce risk.
The majority of businesses have seen tangible benefits from implementing RPA, such as improved compliance and reduced risk. This is an important indicator of the value of RPA in the European market, and is a key piece of information for anyone looking to learn more about the industry.
The adoption of intelligent automation (IA) technologies, which include RPA, is expected to save companies USD 5-7 trillion annually by 2025.
By 2025, these technologies are projected to save companies a staggering USD 5-7 trillion annually, demonstrating the immense cost-saving potential of RPA and IA. This statistic is a testament to the immense potential of RPA and IA to revolutionize the way businesses operate, and is an important factor to consider when discussing the RPA industry.
As of 2021, 74% of global business leaders plan to increase their investment in RPA over the next few years.
Therefore, RPA is becoming an increasingly important part of the business landscape, and that it is here to stay. This is an important indicator of the future of the RPA industry, and it is a key statistic to consider when discussing the industry’s growth and potential.
According to Gartner, the global RPA software license revenue reached USD 1.3 billion in 2019, a 63.1% YoY increase from 2018.
It is a clear indication that the RPA industry is thriving and that businesses are increasingly turning to RPA solutions to automate their processes. This statistic is an important piece of information for anyone interested in the RPA industry, as it provides a snapshot of the current state of the market and its potential for future growth.
Over 50% of businesses deploying RPA are adding more than ten robots at a time.
It suggests that RPA is becoming an increasingly attractive option for businesses, as they are willing to invest in larger numbers of robots to automate their processes. This is an important statistic to consider when discussing the RPA industry, as it shows the potential for growth and the increasing demand for RPA solutions.
Within the next five years, RPA is expected to automate around 40-60% of repetitive tasks.
In the near future, a significant portion of mundane, repetitive tasks can be automated, freeing up time and resources for more complex and creative tasks. This statistic is a testament to the potential of RPA to revolutionize the way businesses operate and is an important factor to consider when discussing the Ria Industry.
By 2024, organizations combining RPA and DPA (Digital Process Automation) solutions are expected to save up to 75% on process costs.
The immense value that these technologies can bring to organizations, allowing them to drastically reduce their process costs and maximize their efficiency. This is an important statistic to consider when discussing the Ria Industry, as it demonstrates the potential for organizations to benefit from the use of these technologies.
Conclusion
In conclusion, the Ria industry is an ever-growing sector that is seeing tremendous growth. With the rapid expansion of the internet, more and more people are turning to online services for their money transfer needs. This has resulted in a surge in the number of Ria agents and services, as well as a steady increase in the amount of money transferred via Ria.
The industry is expected to continue to grow in the coming years, and the data presented in this blog post provides a snapshot of the current state of the industry. With the right strategies and tools, businesses can take advantage of the opportunities presented by the Ria industry and capitalize on its growth.
References
1 – https://www.statista.com/statistics/614815/number-of-rias-employed-usa/
2 – https://www.statista.com/statistics/1251310/total-number-of-sec-registered-investment-advisors/
3 – https://www.statista.com/statistics/1251309/total-aum-investment-advisors/
4 – https://www.statista.com/statistics/1251227/number-of-financial-advisors-by-aum-sec/
5 – https://www.statista.com/statistics/322510/leading-rias-usa-by-assets/
6 – https://www.statista.com/statistics/1259495/assets-per-client-largest-rias-usa/
7 – https://www.statista.com/statistics/1251285/share-of-financial-advisors-clients-by-high-net-worth/
8 – https://www.statista.com/statistics/1251293/advisors-aum-by-clients-net-worth-sec/
9 – https://www.statista.com/statistics/1249693/desirable-features-of-financial-advisors-us/
10 – https://www.statista.com/statistics/1228727/reason-to-leave-advisor-asset-managers-among-investors-worldwide/
11 – https://www.ey.com
12 – https://www.globenewswire.com
13 – https://www.ibisworld.com
14 – https://www2.deloitte.com
15 – https://www.cmswire.com
16 – https://www.grandviewresearch.com
17 – https://www.gartner.com
18 – https://www.capgemini.com
19 – https://www.researchandmarkets.com
20 – https://www.pwc.com
