This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

CORRECTING and REPLACING With Economic Optimism at a Five-Year High, RIAs Get Set to Grow in 2014

Stock quotes in this article: AMTD

Link in fourth graph of "Reaching New Clients" section of release dated January 30, 2014, should read: http://www.amtd.com/files/doc_news/research/AdvisorIndex_survey_Q22014.pdf (sted http://www.amtd.com/newsroom/research.cfm).

The corrected release reads:

WITH ECONOMIC OPTIMISM AT A FIVE-YEAR HIGH, RIAS GET SET TO GROW IN 2014

New TD Ameritrade Institutional Advisor Index Study finds regulatory issues top list of concerns, while client referrals and technology offer best growth opportunities

Independent registered investment advisors (“RIAs”), buoyed by strong market and client growth last year, say it’s full steam ahead for their businesses and the economy in 2014, according to new findings from the latest TD Ameritrade Institutional Advisor Index Survey.

After a year of robust market growth, independent advisors are feeling good. RIAs report revenues were up roughly 20 percent at the end of 2013, and assets under management averaged 20 percent growth as well. More than two thirds of advisors said their client base increased by an average of 13 percent.

They are also more optimistic about the U.S. economy than they have been in five years, fueling confidence about their own businesses. Bolstered by referral networks and technology investments, three-fourths of RIAs predict firm assets under management will grow at least as fast as 2013, with 30 percent expecting growth at a 31 percent faster clip, on average.

“After another year of double-digit growth on all fronts, advisors have renewed energy and enthusiasm about their prospects,” said Tom Nally, president of TD Ameritrade Institutional. “They’re building on last year’s momentum and serving clients better by making strategic investments in their people and their technology.”

Just over half of new client assets came to RIAs from full-commission brokerage firms in 2013. More personalized service and competitive fee-structure is the number one reason clients chose to move to an independent RIA, according to survey respondents.

Investing Outlook

Heading into 2014, 38 percent of RIAs expect the stock market to continue its upward trajectory and 46 percent say it will remain the same. But advisors are less enthused about the historically low-yielding bond market. More than half say the bond market should stay the course over the next three months, though 41 percent believe bond prices will start to fall in a period when interest rates are widely expected to begin rising.

1 of 5

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,857.33 -185.57 -1.09%
S&P 500 1,957.27 -15.02 -0.76%
NASDAQ 4,446.0810 -47.3090 -1.05%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs