Talking Points
A person or organization that acts for you to manage your finances, putting your interest first and having a duty to preserve good faith and trust
The product of collecting information from multiple financial accounts that includes both assets and liabilities
Adviser Firms Record High Growth
The investment adviser industry continued its record growth over the past year, with nearly 14,000 Securities and Exchange Commission (SEC) registered investment advisers (RIAs) now operating, and managing almost $110 trillion in assets for about 61 million clients. These data show that the number of SEC-registered advisers, their clients, assets managed and staff size all have hit new record highs.
Source: Investment Adviser Association
More RIAs Pick Up And Move
About 3% of all RIAs changed their headquarters during the COVID-19 pandemic—significantly more than would have in a typical year. Over 25% who made this change moved out of New York City. In total, 74 RIAs moved their headquarters out of the city between last April and this April. This represents roughly 21% of the total 345 RIAs who relocated during that time.
Source: SmartAsset
Oregon Saves Small Employers Money
Approximately 80% of employers using the OregonSaves state-run retirement plan option reported no out-of-pocket costs associated with the program. Midsize businesses, having 10 through 49 workers, were more likely than were businesses with nine or fewer workers to report out-of-pocket costs, possibly because a larger staff translates to higher administrative costs.