Five Industry Trends Reshaping Financial Advice
Five Industry Trends
9
"Financial Advisor" of the 2000s -
ASSET ALLOCATION!
10
Assets Under Management (Millions)
●
$250
$200
$150-
$100-
$50
© 2013 Michael Kitces | kitces.com
$0
1998 2000 2002 2004
Five Industry Trends
FP50 Long-Term Trends, 2007-2019
$35,000,000
$30,000,000
$25,000,000
The Rise Of The Fee-Based Advisory Model (B/D)
$20,000,000
$15,000,000
$10,000,000
$5,000,000
Handouts/Materials: kitces.com/SECAMAC
2013 Michael Kitces | kitces.com
2006 2008 2010 2012 2014
Year
$0
Fee Revenue Passes
Commission Revenue!
2016
Source:
"Moss Adams &
Investment News
Industry
Benchmarking
Surveys"
2018
Handouts/Materials: kitces.com/SECAMAC
mi
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Total Revenue ($000) Fee Revenue ($000)
Commission Revenue ($000)
Source: Financial Planning Magazine
LO
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