Lead RIAs and Associates Are Getting Younger

Posted on August 8th, 2019 at 10:37 AM
Lead RIAs and Associates Are Getting Younger

TD Ameritrade's study finds that the median age of RIA firm principals is now 49, down from 52 in 2015. The number of owners who are 40 years of age or younger equals the number of firm owners who are over 60. Also, the study reveals that the median age of firm associates dropped from 44 to 42, and the median age of lead advisers is down from 50 to 46.

 

In addition, the study found that a typical firm's operating profit margin in 2018 rose to 21% while overhead expenses as a share of revenue decreased slightly. The increase in median total income for firm owners to $633,000 constitutes 3.6%, the highest since 2014.

 

The study included responses from 405 qualifying firms during February and March of 2019. To qualify for the study, a firm was required to have a minimum of $100,000 in annual revenues and have been in business for at least 12 months to qualify for participation.

Related Attorneys: James J. Eccleston

Tags: james eccleston, eccleston law, eccleston law llc, eccleston, young lead RIAs, young lead associates

Return to Archive

TESTIMONIALS

Previous
Next

I am so blessed to have you and your dynamic team defending me. Your ethics, forward thinking and strategies are amazing.  You guys are the best group of attorneys in the country that I could hire to handle this complicated case.

Cindy C.

LATEST NEWS AND ARTICLES

October 20, 2021
5 First-of-Their-Kind SEC Enforcement Actions Announced

Securities and Exchange Commission (SEC) Enforcement Director Gurbir Grewal recently discussed notable first-of-their-kind enforcement actions that his division has pursued.

October 19, 2021
FINRA Targets SPACs in Most Recent Exam Sweep

The Financial Industry Regulatory Authority (FINRA) has begun an examination sweep of advisors’ involvement with special purpose acquisition companies (SPACs).

October 18, 2021
SEC’s Statement on Complex Exchange-Traded Products

The Securities and Exchange Commission (SEC) recently voted to approve a pair of rule changes proposed by Cboe BZX Exchange, Inc. to list and trade shares of new exchange traded-products: the 2x Long VIX Futures ETC and the -1x Short VIX Futures ETF.