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The Who, Why, Where, When, and How of Breakaway BrokersPublished by: TowerGroup Published: May. 18, 2009 - 9 Pages Table of Contents
AbstractBrokers are breaking away from large broker-dealers for four primary reasons: desire to gain greater control of their business, need for enhanced wealth potential, damage to the large firm business model, and restructuring of the brokerage business.Through the end of 2010, TowerGroup expects 7,500 to 9,000 advisors to be the addressable market in the primary breakaway space, representing $500 to $800 billion (USD) in client assets. Brokers are moving to independent broker-dealers (IBDs) and registered investment advisor (RIA) custodians, and both types of firms are poised to grow in the future. Integrated advisory desktops are essential in attracting advisors to both IBDs and RIA custodians, which continue to invest in these systems. Key elements of an integrated advisory desktop include customer relationship management (CRM), financial planning, trading, and reporting. Get Full Details About This Report >> |
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