Independent Advisors Stare at an Uncertain Future, Experts Say
June 29, 2017 by Cyril Tuohy
Fee-based registered financial advisors (RIA) and dually-registered advisors are rapidly pulling away from their commission-based independent representative peers with securities licenses, according to an industry consultant.
There are an estimated 100,000 independent reps and another 20,000 to 30,000 RIAs operating in the independent channel in the U.S. today.
“I would argue this industry is separating right now,” said Chip Roame, managing partner of Tiburon Advisors.
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Originally Posted at InsuranceNewsNet on June 28, 2017 by Cyril Tuohy.
Categories: Industry Articles