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:
- SEC Staff Publishes New Investment Adviser Statistics Report
- Report on Investment Adviser Statistics