Independent Advisors:
Independent Reps, Fee-Based Financial Advisors (RIAs), & Dually Registered Financial Advisors

Recently Released!!!
Date Published: December 21, 2017
Summary PPT Deck: 101 Slides
Reference PPT Deck: 323 Slides

The purpose of this research is to provide readers with a comprehensive understanding of independent advisors, including independent reps, fee-based financial advisors (RIAs), & dually registrered financial advisors, which are collectively the fastest growing financial advisory market & distribution channel. Data on these interrelated markets can be confusing due to fee-based financial advisors' definition as a sub-set of registered investment advisors (RIAs), independent broker/dealers' overlap with insurance broker/dealers, and the overlap in dually registered financial advisors within the definition of independent advisors. This research summarizes the highlights of these underlying topics. This research is part of Tiburon's coverage of financial advisor channels.

This research addresses the key historical phases of independent advisors, including: 
  • Emergence Phase
  • Growth Phase
  • Maturization Phase

    This research defines core markets segments of independent advisors, including:

    • Independent Reps
    • Fee-Based Financial Advisors (RIAs)
    • Dually Registered Financial Advisors

    And this research offers several future predictions for independent advisors, including:

    • Steady Modest Size Flow of Break-Away Brokers
    • Continuous Rapid Growth as Independent Advisors
    • Fee-Based Financial Advisors & Dually Registered Financial Advisors Capture Over 100% of Net Flows
    • Largest Fee-Based Financial Avisors to Build Nationwide Franchisees
    • Independent Advisors to Become Central to Product & Technology Companies Strategies
    • Emergence of Independent Advisor Markets Outside of the United States of America

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