Financial advisors at RIAs are joining forces to create mega teams as a way of coping with the growing complexity of clients' planning needs, investment products, industry technology and regulations, according to research firm Cerulli Associates.
In a report based on a survey conducted this year, Cerulli calculated the average number of total professional staff per practice at 4.5 for RIAs, compared with 3.3 in the wirehouse channel.
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