Tr?id=566623520170033&ev=PageView&noscript=1

Investment Adviser Numbers Reach Unprecedented Heights

Posted on June 29th, 2023 at 1:22 PM
Investment Adviser Numbers Reach Unprecedented Heights

From the desk of Jim Eccleston at Eccleston Law 

According to the Investment Adviser Association's (IAA) recent industry study, the number of investment advisers reached a record high in 2022, along with an increase in total employment in the sector.

Despite a decline in assets under management (AUM) due to market declines, the sector still held a substantial AUM compared to previous years. The study also revealed a decrease in the number of clients served by advisers in 2022 compared to last year but a significant increase compared to 2018. 

The Securities and Exchange Commission's (SEC) marketing rule, implemented in November, has introduced a new trend in the sector where advisers are changing their advertising practices. The regulation allows advisers to utilize client testimonials in their promotional activities, marking a significant reform. According to the IAA study, 40 percent of advisers include their performance results in their advertising. The IAA study collected data through additional questions added to Form ADV, which provide insights into advisers' advertising practices as mandated by the SEC's Marketing Rule, according to InvestmentNews.

 

Eccleston Law LLC represents investors, investment advisers, and financial advisors nationwide in securities, employment, transition, regulatory, and disciplinary matters.

Tags: eccleston, eccleston law

Return to Archive

TESTIMONIALS

Previous
Next
Quotes Bigger

The work that you and your team have performed on my behalf is exemplary.

JT

LATEST NEWS AND ARTICLES

1785531573 Law
July 31, 2026
Former Alabama Financial Advisor Barred After Selling His Practice

The U.S.

1785428190 Law
July 30, 2026
CFP Board Proposes New Rules for Handling Expunged Criminal Records

The CFP Board has announced that it is considering a proposal to change how it treats applicants with expunged criminal convictions, according to Wealth Management.

1785344491 Law
July 29, 2026
Edward Jones Invests in Fintech Firm Focused on Preventing Elder Financial Fraud

Edward D.