November 27, 2017
By Maureen Milliken
The report didn’t surprise anyone in the industry — the number of registered investment advisers in the U.S. increased again in 2016, and their assets under management increased at an even higher rate.
The news from the “Evolution Revolution” report, published annually by the Washington, D.C.-based Investment Adviser Association, wasn’t news to Maine’s registered investment advisers. The fiduciary-based field is growing in an industry buffeted in the past decade by scandal and a roller-coaster economy. “There is more competition, but we think that’s great,” says Jean Deighan, CEO of Bangor’s…