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SEC Staff Publishes New Investment Adviser Statistics Report


Washington D.C., May 15, 2024 —

The staff of the Securities and Exchange Commission today published a new report of Investment Adviser Statistics, which is based on aggregated data filed by investment advisers on Form ADV. The new report, which will be updated on an annual basis, is designed to give the public a view into the investment advisory industry, with insights into areas such as business activities, client composition, and the types of funds advised. The report shows trends over time.

Investment Adviser Statistics contains more than 50 separate tables of aggregated data. The public may download the statistics in a structured format, which provides a historical statistical series of information dating back to the year 2000. The report shows that, as of the end of last December, there were more than 15,000 registered investment advisers that reported approximately $128 trillion in regulatory assets under management.

“Providing accessible, usable, aggregated data to the public is a critical part of the SEC’s role,” said SEC Chair Gary Gensler. “This new report will give the public a clearer view into the investment advisory industry. Such SEC-published data help the public better understand how our economy and securities markets function.”

“Form ADV data offers a uniquely comprehensive view of the asset management industry,” said Tim Husson, head of the Division of Investment Management’s Analytics Office. “The statistics in this report illustrate the phenomenal growth and changing nature of the advisory business and will help inform public policy in this space.”

“The publication of this data will provide valuable information to the public,” said SEC Chief Economist Jessica Wachter. “The report enhances transparency into an important segment of our capital markets.”

The Division of Investment Management has primary responsibility for administering the Investment Company Act of 1940 and Investment Advisers Act of 1940, including oversight of investment companies, such as mutual funds, money market funds, and ETFs, and for investment advisers. The Division’s Analytics Office provides the Division and the SEC with practical reviews and actionable analyses of the asset management industry.

The report is available on the SEC’s website here.


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