Wirehouses are losing out to registered investment advisors,broker-dealer mega teams andhome-office due-diligence relationships when it comes to capturingmarketshare.

That’s according to a report from Boston-based research firmCerulliAssociates, “U.S. Intermediary Distribution 2016: Evolving Rolesin Distribution,” which found that growth on the part of thewinning channels is driving a move toward more sophisticated,investment- and data-focused interactions that have traditionallybeen reserved for firms operating within the institutionalspace.

When it came to growth, Cerulli found that, in 2015, theindependent registered investment advisor channel grew assetsfaster than any other advisor channel, experiencing growth of 6.2percent compared with an average of 0.9 percent for allchannels.

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