Brokers Go Independent
As more and more people look for financial advisors whom they can trust, who will be their clients' advocate, they are turning to independents.
From Businessweek's blog Well Spent.
Schwab commissioned a report on the topic of brokers turning independent, which it released in July. It found that by 2004, independents had 47.5% market share of high-net-worth households, up from 30% 2001. At the same time, traditional stock brokers lost market share, claiming 30% of high-net-worth customers in 2004 vs. 40% in 2001.
Posted by Jill Fallon on August 25, 2005 at 1:21 PM | Permalink | TrackBack
