Registered investment advisers will take a bigger share of managed assets during the next few years, according to a study by Cerulli Associates. By the end of 2014, RIAs will control 24.7% of the U.S. wealth-management business, compared with 20.1% at the end of 2011, the study says. "The growth of the RIA and dually registered channels is likely to continue to accelerate due to adviser movement and client choice," Cerulli Associate Director Tyler Cloherty said.

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