The number of SEC-registered investment advisory firms rose to 7,581...

The number of SEC-registered investment advisory firms rose to 7,581 as of May 15, a 14% increase from 6,649 a year earlier. Discretionary assets under management by SEC-registered investment advisers grew to $19.7 trillion from almost $18 trillion over the same period. The data is from a joint report by the Investment Counsel Association of America, a group representing SEC-registered investment advisers, and National Regulatory Services, a firm providing compliance and regulatory services for investment-related companies.