By Suzanne Cosgrove
A new investment adviser statistics report released Wednesday by the SEC’s Division of Investment Management reveals more than 15,000 registered investment advisers had approximately $128 trillion in regulatory assets under management (RAUM) as of December 2023, as the number of SEC-registered investment advisers (RIAs) and exempt reporting advisers (ERAs) also posted steady growth over the past 10 years.
The tallies in the report are based on aggregated data filed by investment advisers on the SEC’s Form ADV.
“Providing accessible, usable, aggregated data to the public is a critical part of the SEC’s role,” said SEC Chair Gary Gensler in a release. “This new report will give the public a clearer view into the investment advisory industry,” he added. “Such SEC-published data help the public better understand how our economy and securities markets function.”
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