RIA Boom Redraws Wealth Management Map [Yahoo! Finance]
Bank of America Corporation (BAC)
Last bank of america corporation earnings: 4/15 06:45 am
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Source: Yahoo! Finance
In fact, according to industry data, the pace of asset growth across the independent registered investment advisory ranks is now faster than that of the traditional Wall Street financial services conglomerates, like Merrill Lynch, Morgan Stanley and Wells Fargo. Still, at approximately $12 trillion in combined assets under advisement, the wirehouse brokerages overshadow the $10.6 trillion in combined assets managed by RIAs. But according to Cerulli Associates, the five-year compound annual growth rate of assets for the two separate advisory channels illustrates a strong advantage for RIAs. “Overall, the trend driving toward independence is advisors looking for a higher payout and greater autonomy,” said Stephen Caruso, associate director in the wealth management practice at Cerulli. SUBSCRIBE: Receive more of our free Advisor Upside newsletter. READ ALSO: Advisors Look for Midas Touch as Gold Prices Soar and UBS May Be the Next Wall Street Bank to Let Clients Trade Crypto As the
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BAC
Earnings
- 1/14/26 - Beat
BAC
Sec Filings
- 1/30/26 - Form FWP
- 1/30/26 - Form SCHEDULE
- 1/29/26 - Form FWP
- BAC's page on the SEC website