Assets managed by RIAs have grown to $82.5 trillion dollars — a 16.7% jump over last year, according to a recent survey by the Investment Adviser Association and National Regulatory Services cited by ThinkAdvisor.

The increase this year is the largest year-over-year jump since 2014, according to the publication. The number of SEC-registered advisors, meanwhile, has increased by 406 to 12,578 total, which is 3.3% higher than last year, according to the survey cited by ThinkAdvisor.

The largest increase, both by assets under management and by number of firms, has been among investment advisors with $100 billion or more in regulatory assets under management, the report found, according to the publication.

But the “typical” SEC-registered investment advisor manages $359 million in 124 client accounts, ThinkAdvisor writes, citing the survey.

Small businesses, or those employing 10 or fewer non-clerical staff, make up 58.8% of advice firms this year, and 87.5% of the firms have 50 or fewer employees, the report found, according to the publication.

The majority of RIAs’ clients (81.8%) are non-high net worth investors, meanwhile, the report found, ThinkAdvisor writes.

The proportion of RIAs receiving asset-based compensation is currently at 95.3%, according to the survey cited by the publication.

But the decrease in the number of RIAs charging commissions has slowed to 3.6% in 2018, compared to 4.1% in 2017 and 4.5% in 2016, which the report attributes to the death of the Department of Labor’s fiduciary rule, according to ThinkAdvisor.

The Obama-era regulation that purported to require retirement account advisors to put clients’ interests first was officially vacated in June.