The Suburbanization of the Institutional Investment Advisory Industry: Metropolitan Philadelphia, 1983–1993

Abstract

Traditionally, the institutional investment advisory industry in Pennsylvania has been concentrated in Philadelphia's Central Business District (CBD). However, analysis of the industry's organizational structure and spatial dynamics over the 1983–1993 study period indicates suburbanization and growth of the industry outside of the CBD. Maps and tables describe the institutional investment advisory industry's spatial organization at the intra-metropolitan scale using the Money Market Directory of Pension Funds and their Investment Advisors (Money Market Directories 1983, 1993). This industry-specific research contributes to the ongoing attempt to theorize financial services location and growth, and provides a basis for examining the impact of information technology (IT) on the spatial concentration of financial services activity at the intra-metropolitan scale.