LOUISVILLE, Ky. - Financial advisers will control more than $1.8 trillion in assets by 1998, according to a study by Eager & Associates, Louisville.
Advisers now control more than $1 trillion of assets, including 401(k) plans and individual retirement accounts, the study said.
Mutual funds, a vehicle of choice of financial advisers, will benefit from the growth in assets, according to the study. In the study, Eager projects financial advisers will pour nearly $1 trillion into the mutual fund area by 1998.
The firm surveyed 450 financial advisers.