On May 15th, the SEC’s Division of Investment Management Analytics Office issued a new report of Investment Adviser Statistics, which is based on compiled data filed by investment advisers on Form ADV, the form used by investment advisers to register with both the SEC and state securities authorities. The publication, which shows trends over time, will be updated annually. It is designed to provide the public with insight into the investment advisory industry as well as areas such as client composition, business activities, and the types of funds advised.
The Investment Adviser Statistics report:
- comprises more than 50 separate tables of collected data and is available for download in a structured format that provides an historical statistical series of information dating back to the year 2000
- states that, as of the end of last December, there were more than 15,000 registered investment advisers (RIAs) that reported approximately $128 trillion in regulatory assets under management
- highlights the substantial growth and evolving nature of the advisory business
- enhances transparency for this significant part of capital markets
The contents of the report provide an overview of following matters:
- Number of Advisers
- Regulatory Assets Under Management
- Clients and Accounts
- Separately Managed Accounts
- Private Funds Advised by RIAs or exempt reporting advisers (ERAs) and Service Providers
- Employees
- Offices – Principal Office and Place of Business
- RIA Activities
- Interest in Client Transactions
- Wrap Fee Programs
- Disclosure Information
- Interval Notation, Methodology for Timeseries Analysis, Form ADV, Part 1A Changes, and Definitions
It is the responsibility of the Division of Investment Management to enforce the Investment Company Act of 1940 and Investment Advisers Act of 1940. It is also charged with the oversight of investment companies, including mutual funds, money market funds, ETFs, and investment advisers. The Division’s Analytics Office provides the Division and the SEC with practical reviews and actionable analyses of the asset management industry.
For additional information, visit the SEC’s website to view the full Investment Adviser Statistics Report.
Sources:
SEC Staff Publishes New Investment Adviser Statistics Report (sec.gov)
Investment Adviser Statistics – Form ADV Data, Period ending December 2023 (sec.gov)
