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SEC Chairman Gensler cites IA growth in asking Congress for more funds
IA "numbers have grown significantly in the last five years. Registered investment advisers grew by 22 percent—to about 15,000, up from approximately 12,500 in 2017. During the same period, the number of private funds increased by 50 percent to approximately 50,000. This stretches thin the limited resources of the Division"
