AUM of independent advisors to surpass wirehouses

March 21, 2013 by Warren S. Hersch

Independent advisors’ share of assets under management is on track to surpass that of wirehouses’, according to a new survey.

Tiburon Strategic Advisors published this finding in a new survey, “Financial Advisor Channels: An Overview of Full-Service Brokerage Firms,  Independent Advisors, & Other Financial Advisor Channels.”

The report reveals that wirehouses’ share of assets under management will fall to 35 percent from 43 percent while that of independent advisors will grow to 39 percent from 35 percent within the next year. Click here to read…

Originally Posted at LifeHealthPro on March 18, 2013 by Warren S. Hersch.