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How the market downturn affected 870 Schwab RIAs in 2009 and how they are reacting to it in 2010

Profits took a tumble in the market downturn but resolve to grow is on the rise, according to a massive new survey

Author Brooke Southall July 7, 2010 at 5:45 AM
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Scott Slater: I see it as the next step in the maturing of the RIA industry.

Bill Winterberg

Bill Winterberg

July 7, 2010 — 6:23 AM

Scott Slater is almost correct when he said RIAs are “getting 11% less for the same amount of work.”

RIAs are getting 11% less for their increased work loads. Service demands are up, meetings take longer, and candles are burning at both ends. So initially an 11% decline doesn’t seem that bad, but coupled with more hours worked per week, the revenue per client decrease may actually be closer to 20%.

Bill @ <a href="http://fppad.com" rel="nofollow">FPPad.com</a>


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