The Investment Adviser Industry Snapshot 2026

The 26th Investment Adviser Industry Snapshot reports that the industry has continued its strong growth trend, setting record highs for number of advisers, clients, employees, and assets under management in 2025. The Snapshot is a joint effort of the Investment Adviser Association (IAA) and Comply.

Insights from this year’s report include:

• The number of advisers, clients, and employees, as well as assets under management, reached record highs in 2025.
• The number of offices in private residences continued to rise even with the increase in “return to office.”
• Growth in the number of pension and profit-sharing plans significantly outpaced substantial growth in plan assets.
• Hedge funds had a particularly strong year with assets in hedge funds managed by SEC registered advisers gaining 18.5% in 2025.
• The average SEC registered adviser provided over 1,000 pieces of information in Form ADV Part 1A and related Schedule D.

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