The independent broker/dealer model may be holding some advisors back from growing into an enterprise.
For advisors who are managing more than $500 million in client assets and are looking to build an enterprise, the independent broker/dealer model may have become too limiting for them. These entrepreneurial business owners look to grow inorganically by way of acquisition and recruiting, and they strive to run a more efficient operation. They also often want access to more sophisticated investment products that are not on the b/d platform. Many feel as if they have outgrown their IBD.
So, what are their options?
