Independent Broker/Dealer Reps:

A Growing Market of Dually Registered Financial Advisors

Recently Released!!!
Date Published: December 6, 2023
Summary PowerPoint Deck: 225 Slides
Reference PowerPoint Deck: 1,323 Slides

The purpose of this research is to provide readers with a comprehensive understanding of independent broker/dealer reps, which is a large and diverse market of over 80,000 series seven registered reps who own their own businesses and utilize independent broker/dealers such as LPL Financial Holdings, Raymond James Financial Services, Cetera Financial Group, Advisor Group, Commonwealth Financial Network, & Cambridge Investment Research. This research provides a top down view of the market. This research is part of Tiburon's broader coverage of independent reps and its even broader coverage of independent advisors.

This research addresses independent broker/dealer reps' market growth & leading firms.

And this research makes several future predictions for independent broker/dealer reps, including:
  • Moderate Industry Growth for Independent Broker/Dealer Reps
  • Continual Late Move to Managed Accounts

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Tiburon suggests that Tiburon members start by downloading the well-organized summary PowerPoint presentation and/or waching the Tiburon Webinar. Tiburon's reference PowerPoint slides are useful for further analysis, although some slides will be incomplete. Tiburon Podcasts will be recorded in 2024-2025. Tiburon members who need a username & password to access Tiburon Written Research, Tiburon Webinars, and/or Tiburon Podcasts, can click here.

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