A recent TD Ameritrade RIA Sentiment Survey found that
independent registered investment advisers (RIAs) see a strong future of
success during 2017, as they plan to increase marketing, business development
and technology spending while implementing growth strategies.
The optimism appears on several fronts concerning the
economy, whether it be national or global. According to the survey, nearly seven in
10 RIAs are bullish about the U.S. economy—the highest number since the survey’s
commencement in 2009—and more than half (55%) are positive about the prospects
of the global economy. Also, the survey found that 53% expect the U.S. stock
market to rise in 2017, and an additional 35% believe the market will hold onto
improvements achieved in 2016.
Increases for 2017
2016 was an advancing year for advisers, as 70% had assets surge
on an average of 17%, and 60% saw revenues increase by a median 16%.
Furthermore, 56% had new client growth on an average of 17%. Due in large part
to the advances achieved, four out of five believe their firms’ assets will
grow further in 2017, and half predict firm assets will increase at a higher
rate than last year.
are good days for independent RIAs, yet we can’t expect market tides will
always rise. RIAs need to deliver a great experience, build firms that are more
scalable and make sure they are compensated for all the services they provide,”
says Tom Nally, president of TD Ameritrade Institutional. “By investing in
themselves, embracing technology and articulating all the value they deliver,
RIAs can increase their firms’ chances for sustainable growth.”
NEXT: Despite Industry Pressures,
Confidence Remains High