Press Releases

Our press releases keep you informed of the latest data and
service enhancements, and company announcements.

RIA Reps within Discovery Data Surpass 400,000

EATONTOWN, NJ — June 4, 2019 — Discovery Data, the leading financial services industry provider of data and analytics on firms and professionals, announced today that, for the first time in history, the number of registered investment adviser (RIA) reps has surpassed 400,000 and the number of RIA-only reps (not also broker-dealer) surpassed 100,000.

“The long-term growth trend in the RIA channel continues unabated, and our clients are clearly matching that change by adjusting strategy and shifting resources to be best positioned to benefit from this change,” stated Bob Herrmann, CEO of Discovery Data. “In particular, the independent retail RIA segment is maturing with a barbell effect, with the larger firm segment growing and institutionalizing its business models, while one and two rep firms continue to launch and persist.”

Discovery Data Insights projects that the number of reps associated with independently owned retail RIA firms will reach 110,000 by the year 2028 as the transition to RIA continues, while at the same time the traditional advisor channel continues to lose market share.

For more information on the RIA channel and Discovery Data, contact 732-933-1899 or

© Discovery Data. All Rights Reserved.

12 Christopher Way, Suite 300, Eatontown, NJ 07724 | |