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The registered investment advisor channel is seeinggrowth thanks in part to the movement of advisors from the broker-dealer channel, who are looking for moreautonomy as well as what they see as economic advantages in the RIAmodel.
According to the latest edition of The Cerulli Edge—U.S. Asset and Wealth Management Edition, Cerulli saysthat 43 percent of those IDBs who prefer the RIA model say thatpayout is higher, while 35 percent cite greater flexibility inmarketing as their reason to consider moving to the RIAchannel.
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Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
