AUM increases as number of investment advisers drops

09/22/2011 | IFAWebNews.com

Total assets under management by investment advisers increased this year by about 14%, to an all-time high of $43.8 trillion, while the number of investment advisers fell for the first time since 2001, according to a report based on Securities and Exchange Commission data through May 1. The decrease in advisers can be attributed partly to a Dodd-Frank rule that will require smaller advisers to switch from SEC registration to state oversight.

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