Among other survey findings, respondents reported that revenue peaked in 2007, and they expect it to decline 19% from that high, including a 10% drop in 2009.
Of the 610 firms participating in Schwab's RIA survey, 370 have more than $100 million in AUM, 110 firms have more than $500 million and 53 have more than $1 billion. The average participant has 325 clients, $380 million in AUM and $2.5 million in revenue.