A new report from TD Ameritrade Institutional, which gathered data from current and former brokerage reps, illustrates a generally positive attitude toward the RIA channel and signals a continuation of the migration trend.The findings from the 2019 Benchmarking and Independence report showed that 44% of brokers surveyed said the likelihood of them leaving the brokerage channel is greater now than it was a year ago, and 46% said the likelihood of them leaving is greater than it was at the end of 2018.

Sallah Astarita & Cox, LLC is a national securities law firm, and assists brokers in transitioning between broker-dealers and to RIAs. Call Mark Astarita at 212-509-6544 with an questions.

Source: Former brokers say breaking away to be RIA went better than they feared

Mark Astarita

Published by
Mark Astarita

Recent Posts

UBS YES Losses?

Investors who lost money in UBS' Yield Enhancement Strategy (YES) may be able to recover their losses

1 month ago

Recover GPB Capital Losses

After inquiries by the SEC, FINRA and the FBI, GPB Capital has announced significant losses in the value of its investment…

2 months ago

SEC Proposes to Improve Disclosures Relating to Acquisitions and Dispositions of Businesses

The SEC has voted to propose rule amendments to improve the information that investors receive regarding the acquisition and disposition…

3 months ago

SEC Charges Sapphire Glass Manufacturer and Former CEO With Fraud

The SEC has charged a New Hampshire-based company and its former CEO with misleading investors about the company’s ability to…

3 months ago

SDNY Defines Customer under FINRA Rule 12200

Judge Laura Taylor Swain of the Southern District of New York has issued a decision defining a customer, for purposes…

4 months ago

GPB Capital, Brokers Under Fire

Already the focus of inquiries by the SEC and FINRA, the FBI recently made an unannounced visit to the New…

5 months ago