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Discovery Data Reports Total U.S. Financial Services Industry Firms Has Reached 40,000 for the First Time in History

EATONTOWN, NJ — October 28, 2016 — Discovery Data, the leading financial services industry provider of data on firms and professionals, announced today that it has recorded 40,000 actively registered U.S. financial services industry firms for the first time in history. The count includes broker-dealer, investment advisory and trust company firms registered with a U.S. regulator.

As of today, Discovery Data's Financial Services Industry dataset reached 40,000 firms including 33,717 investment advisory firms, 3,370 broker-dealer firms, 640 dually registered BD-RIA firms and 2,273 trust companies.

Discovery Data has been collecting and managing data for 14 years to assist clients with their distribution and recruiting needs, as well as business and strategic planning. The world's largest and fastest growing asset managers, wealth managers, clearing firms, insurance companies and service providers recognize Discovery Data as the preeminent solution to identify, reach and do business with firms and professionals throughout North America.

“With the number of broker-dealers declining, it is the investment advisory channel that is driving the increase in the number of industry firms, and our data indicates that trend is accelerating,” stated Bob Herrmann, CEO of Discovery Data.

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