Increasingly Confident, Brokers Are Exploring a Variety of Breakaway Paths to Becoming Independent RIAs: TD Ameritrade Institutional Survey
(WorldNews Environment)

Though Breakaway Plans May Be Paused by the Pandemic, Brokers Are Drawn to the Benefits and Advantages of Being an Independent RIA JERSEY CITY, N.J.--(BUSINESS WIRE)-- While brokers have been breaking away from Wall Street for more than a decade to launch their own registered investment advisor (RIA) firms, they are increasingly confident in their ability to make a successful transition and exploring a wider range of paths to independence, according to the TD Ameritrade Institutional1 Break Away to Independence Spring 2020 Survey. One in four brokers who indicated they are interested in moving to the independent RIA channel -- `potential breakaways` -- say they plan to launch and operate...