Boston, May 16, 2019 – Total client assets in the U.S. wealth management industry have grown almost every year since 2008. In 2018, however, client assets dropped by 2.1%, the largest decline in over a decade. This drop corresponded to a 4.4% decline in the S&P 500 Total Return Index. The 10-year compound annual growth rate of client assets now stands at 8%.

This report continues Aite Group’s New Realities in Wealth Management series by segmenting the U.S. wealth management industry into four key groups (wirehouses, self-clearing and retail brokers, clearing and custody providers, and online and discount brokers) and discusses the latest findings for client assets, fee-based assets, advisors, productivity, and market share. It is based on publicly available regulatory filings, investor presentations, and news articles, and it is supplemented by Aite Group interviews with firm executives throughout 2018 and by Aite Group estimates and analysis.

This 48-page Impact Report contains 38 figures and three tables. Clients of Aite Group’s Wealth Management service can download this report, the corresponding charts, and the Executive Impact Deck.

This report mentions Ameriprise, Apex Clearing, Appleton Partners, Atria Wealth Solutions, AXA Advisors, Barclays, BlackRock, Bloomberg, Brandywine Oak Private Wealth, Cadaret Grant & Co, Cambridge Investment Research, Capital Group, Capital One, Capitol Securities, Cetera Financial Group, Charles Schwab, Chase Investment Services, Citizens Financial, Clarfeld Financial Advisors, Commonwealth Financial Network, COR Clearing, Echelon Partners, Edelman Financial Services, Edward Jones, Equity Advisor Solutions, E-Trade, Fidelity, Financial Engines, Fifth Third Securities, Finicity, Folio Institutional, Focus Financial Partners, Genstar Capital, Hellman Friedman, Hilliard Lyons, Hilltop Securities, Interactive Brokers, INTL FCStone, J.P. Morgan, LPL Financial, Merrill Lynch, MetLife, Money Guide, Morgan Stanley, National Planning Holdings, Northwestern Mutual, Oppenheimer & Co., Oxford Financial Group, Pershing, Raymond James, RBC, Robert W. Baird, Scottrade, SEI, Shareholders Service Group, Shepherd Kaplan, Sound View Wealth Advisors, State Street, Stifel Nicolaus, TD Ameritrade, Trade PMR, Trust Company of America, UBS, US Bank, Wedbush Securities, and Wells Fargo.