Small Independent Broker-Dealers Are Facing Growth Challenges Hot

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Trying to be all things to all independent advisors presents a scalability problem. Helping advisors also may meet with some resistance from those who are stuck doing things the way they’ve always done them.
 
The industry is experiencing a generational divide with the heaviest components represented by industry veterans. Not enough new advisors are coming into the industry to inject new blood into advisor businesses. Yet veterans who are reluctant to change risk seeing their businesses fall off as those utilizing new ways of approaching the marketplace gain in client acquisition and service.
 
This means that larger firms with greater capacity for scale will outperform smaller ones along with their ability to serve a broader range of advisors who are better aligning their practices with investor demands.

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