Tiburon, Calif. (June 1, 2004) -- The U.S. market for consumer wealth is poised to triple by 2010, making it a great time to be in the financial advice business, according to the managing partner of a market research and strategy consulting firm based here.
Today's $17.1 trillion in investable assets will increase to over $30 trillion by 2010 due to the pending liquefaction of consumer wealth, predicted Chip Roame, managing principal of Tiburon Strategic Advisors. Roame's remarks were made at Tiburon's semi-annual CEO Summit held earlier in San Francisco. Those 108 million U.S. households also hold $7.5 trillion in retirement plan assets.
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