IBD Elite 2022: Brokerages are morphing, not going away

August 22, 2022 by Tobias Salinger

No one wants to be a broker anymore. 

The unsavory image of stockpickers peddling shares for hefty commissions still hovers over the $39 billion independent brokerage industry. It’s partly why wealth managers that own both brokerages and registered investment advisors — the counterpoint to brokers, because they operate under the highest industry standard of client care  — boast that they derive a shrinking portion of their business from brokerage operations.

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Originally Posted at Financial Planning on August 21, 2022 by Tobias Salinger.