It looks like the next next five years will be worth popping corks over if you are a registered investment advisor. According to Charles Schwab's latest Independent Advisor Outlook Study, 70 percent of RIAs are "very optimistic" that opportunities for growth are to come.
The results of the semi-annual survey were released Monday at IMPACT—Charles Schwab's annual invitation-only conference. This year some 1,900 independent registered advisors flocked to Washington to get a pulse on where the industry is heading.
The survey polled more than 800 RIAs who collectively represent some $228.5 billion in assets under management.
A majority say they are repositioning their businesses in order to capitalize on this newly expected growth. Advisors are focusing on two key areas to prep for this: "differentiating in the market" and "adopting and integrating new technologies."