In this edition, we examine multi-year results for key performance metrics in the North American retail wealth management industry. The report highlights several trends, including the following:
- return to growth in both advisor assets and revenue
- a continued decline in equity trade volume that suppresses revenue growth
- continued transition to a fee-based model, though the rate of transition has slowed
- pricing on new fee-based accounts weakened
- advisors are focused on growing and deepening relationships with larger clients