Profits Rise at RIA Firms, But Struggles Remain

Assets, revenues and net profits reached all-time highs at financial advisory firms in 2007, according to a new study by Rydex released Wednesday. Expenses, however, also rose, forcing net profit margins to drop to 24% in 2007, from 28% in 2006. The Rydex AdvisorBenchmarking 2008 Annual Survey illustrates the results of a study of 1,020 registered investment advisory (RIA) firms during the period from March to May of last year.

Profits Rise at RIA Firms, But Struggles Remain
Source: Financial-Planning