RJ and Makay

Financial Advisor magazine has released their findings from their 2010 RIA survey which 456 RIA firms participated. According to the reported results these RIAs saw their total assets balloon 23.3% in 2009. 50 of the firms reported a 50% growth or more and 13 firms reported a 100% asset growth or more. Mean assets per client grew by more than 11%.

The number of clients grew as well. The average number of clients among survey participants climbed more than 11%. 129 firms logged growth of 10% or more in client relationships, 70 firms reported a 20% or more increase and 19 RIAs experienced growth of 50% or more.

71 RIAs report having over $1 billion in AUM

73 RIAs report having between $500 million and a billion in AUM