Independent Broker/Dealer Reps:
A Growing Market of Dually Registered Financial Advisors

Recently Released!!!
Date Published: December 14, 2022
Summary PowerPoint Deck: 166 Slides

Reference PowerPoint Deck: 1,304 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. A parallel research topic published by Tiburon, called A Comprehensive Overview of the Product Usage, Business Models, & Best Practices of Independent Reps, provides extensive bottom up analysis of the specific actions of independent reps. This research provides a top down view of the market. This research is part of Tiburon's broader coverage of independent reps.

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
  • Late Move to Managed Accounts
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