The Securities and Exchange Commission published its 2024 report on Form ADV data for investment advisers.
The number of advisers and total assets have increased dramatically.
From 2012 when Dodd-Frank implemented a change requiring fund managers to register the number of registered investment advisers and Exempt Reporting advisers has increased by 60% from 13,222 to 21,203. The Regulatory assets under management has increased 138% from $55 trillion to $128.8 trillion.
The number of private funds has tripled from 33 thousand to over 100 thousand, with gross assets also tripling from $9 trillion to $27 trillion.
For real estate funds, there 658 registered advisers with over $1.1 trillion in gross assets for the 5,215 real estate funds. Those are increases from 371 advisers, $0.3 trillion in gross assets in 1,827 funds in 2012.
Sources:
The Investment Adviser Association has been publishing a free report with this data since 2001. It analyzes and puts in perspective the raw data that the SEC just released. The 2024 edition will be out in June. Check it out!
https://www.investmentadviser.org/industry-snapshots/
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