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Growing Number of Brokers Going Independent

BOSTON -- The difficult times many retail brokerage firms are going through may be putting a strain on the client/broker relationship, making it difficult for brokers to continue to grow their books of business.

By Michelle A. Samaad | Updated on October 16, 2008

BOSTON — The difficult times many retail brokerage firms are going through may be putting a strain on the client/broker relationship, making it difficult for brokers to continue to grow their books of business.

That is one of the findings from a new Aite Group LLC report. Based on a survey of 69 U.S.-based employee brokers, the data provides insight into which employees are most likely to go independent, categorizing them by assets under management, total revenue, percentage of recurring fee income, financial planning and their product preferences, among others.

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