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Former brokers say breaking away to be RIA went better than they feared

July 29, 2019

Former brokers say breaking away to be RIA went better than they feared

July 2, 2019 | Jeff Benjamin | Investment News

An appetite for control, independence and an opportunity to build equity in a sustainable business continue to fuel the migration by wirehouse brokers toward the independent registered investment adviser ranks.

A new report from TD Ameritrade Institutional, which gathered data from current and former brokerage reps, illustrates a generally positive attitude toward the RIA channel and signals a continuation of the migration trend.

The findings from the 2019 Benchmarking and Independence report showed that 44% of brokers surveyed said the likelihood of them leaving the brokerage channel is greater now than it was a year ago, and 46% said the likelihood of them leaving is greater than it was at the end of 2018.

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Matthew C. Strife
Blue Vault Services
April 11, 2016

Blue Vault's services are without question great resources for the review of the nontraded products offered.