Top independent adviser manages $3.5 billion in new ranking
More than 20,000 independent RIAs in the U.S. increased assets 82% to $2.3 trillion from 2007 to 2013 while assets at largest retail brokerages rose 8.2% to $6.2 trillion.
When Debra Wetherby started her investment advisory firm in 1990, she was 32, just married and had less than $50,000 of capital.
She plunged into an emerging industry of advisers who run their own businesses rather than operating inside big brokerages such as Morgan Stanley, which she'd left in 1988
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