Consumer Press Covering The Growing Flight Of Breakaway Brokers To Go Independent

Tuesday, March 27, 2012 19:45
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Consumer Press Covering The Growing Flight Of Breakaway Brokers To Go Independent

Tags: breakaway brokers

The consumer press has largely been oblivious to the growing defectons of brokers from wirehouses to independence. But that may be changing.

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Take a look at how Fox Business today covered the breakaway movement.

 

 

Comments (1)

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jk894
Nice to see the consumer press recognizing the breakaway movement. Unfortunately, the article only addresses the broker-dealer world. In all of the cases mentioned, the brokers continued to be brokers. The real story is about brokers moving to the RIA world where they are truly independent and more importantly work for the client as opposed to being a representative of a broker-dealer. It would also be nice to shed more light on the difference between pure RIA firms and the hybrid model that is nothing more than a dressed-up brokerage model that doesn’t offer the consumer any additional protections.
jk894 , May 20, 2012

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