The number of clients served by investment advisors registered at the U.S. Security and Exchange Commission (SED) increased steadily between 2017 and 2022. As of 2022, the number of clients was 61.9 million. Among them, 54.3 million were asset-managed clients.
Number of clients of investment advisors registered at the U.S. Security and Exchange Commission (SEC) from 2017 to 2022, by type
(in millions)
The source adds the following information on non-asset management clients: "Non-asset management clients. These clients did not use asset management services but received other types of investment advisory services, such as help with developing a financial plan. The number of these non-asset management clients increased by 5.5% in 2021. Over one-third of the non-asset management clients were clients of a single adviser that provides services to individuals exclusively through a digital platform."
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Investment Adviser Association. (June 21, 2023). Number of clients of investment advisors registered at the U.S. Security and Exchange Commission (SEC) from 2017 to 2022, by type (in millions) [Graph]. In Statista. Retrieved December 18, 2024, from https://www.statista.com/statistics/1251267/number-of-financial-advisors-clients-sec/
Investment Adviser Association. "Number of clients of investment advisors registered at the U.S. Security and Exchange Commission (SEC) from 2017 to 2022, by type (in millions)." Chart. June 21, 2023. Statista. Accessed December 18, 2024. https://www.statista.com/statistics/1251267/number-of-financial-advisors-clients-sec/
Investment Adviser Association. (2023). Number of clients of investment advisors registered at the U.S. Security and Exchange Commission (SEC) from 2017 to 2022, by type (in millions). Statista. Statista Inc.. Accessed: December 18, 2024. https://www.statista.com/statistics/1251267/number-of-financial-advisors-clients-sec/
Investment Adviser Association. "Number of Clients of Investment Advisors Registered at The U.S. Security and Exchange Commission (Sec) from 2017 to 2022, by Type (in Millions)." Statista, Statista Inc., 21 Jun 2023, https://www.statista.com/statistics/1251267/number-of-financial-advisors-clients-sec/
Investment Adviser Association, Number of clients of investment advisors registered at the U.S. Security and Exchange Commission (SEC) from 2017 to 2022, by type (in millions) Statista, https://www.statista.com/statistics/1251267/number-of-financial-advisors-clients-sec/ (last visited December 18, 2024)
Number of clients of investment advisors registered at the U.S. Security and Exchange Commission (SEC) from 2017 to 2022, by type (in millions) [Graph], Investment Adviser Association, June 21, 2023. [Online]. Available: https://www.statista.com/statistics/1251267/number-of-financial-advisors-clients-sec/
