Retail Asset Management Industry Overview

Companies that provide asset management services and products to individuals.

Full Retail Asset Management Industry Description

More Financial Services Firms Offer Planning

The relaxation of regulations that separated brokerage, insurance, and banking has led to the creation of large financial services companies like Citicorp, Bank of America, AXA, and American Express that offer a large range of investment products. Such companies offer financial planning services to individuals in the hope of capturing all of the customer's financial business.

Full Retail Asset Management Industry Trends

• Ameriprise Financial, Inc.
• Gilman + Ciocia, Inc.
• H.D. Vest, Inc.

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Hoover's has developed its own industry classifications to better serve its customers. These classifications are mapped to the North American Industry Classification System (NAICS) and the older U.S. Standard Industrial Classification (SIC) system. The Retail Asset Management maps to a number of NAICS codes including:

Full Retail Asset Management Industry Codes

• Financial Services Technology Consortium
  
• Investment Company Institute
  
• The Association of Private Client Investment Managers and Stockbrokers
  

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