RIA channel growth continues to increase, driven by a large number of advisors breaking away to either open up their own RIA firms or become part of an established one, according to the latest Cerulli Edge report on U.S. asset and wealth management. 

A majority of advisors at wirehouse, national/regional broker-dealer, insurance BD and retail bank BD advisory firms indicated they would prefer to transition to the independent RIA, hybrid RIA or independent BD channels if they leave their current firm.

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