Accelerated Momentum in Advisors Turning Independent
75% Increase in New Independent Registered Investment Advisor Firms Since 2012 According to Schwab Analysis of SEC Registration Data
“We believe passionately in the independent model and the value it delivers to advisors and their clients,” said
Firms of all sizes are being drawn to independence, but large firms are increasingly prominent in fueling the movement. The percentage of firms turning independent with at least
Beatty shared the analysis in the lead-up to Schwab IMPACT®, the largest and longest-running annual gathering of independent advisors in the nation, where many advisors attend to evaluate the merits of the independent model.
A showcase for independence
At IMPACT this year, Schwab will host a record number of advisors who are exploring the independent model. These individuals participate in a dedicated session track that addresses specific questions and considerations about moving to independence.
In addition, they and the more than 1,750 current Schwab Advisor Services clients in attendance, will hear from a line-up of keynote speakers and explore the full ecosystem that Schwab brings to bear to champion and support independent advisors’ success.
“We’ve been champions of the independent model for 30 years. The momentum in this industry speaks to the fact that more and more advisors are seeking the flexibility to create the kinds of firms investors are seeking,” said Beatty. “We are proud to be part of the momentum and to support advisors at every step along their journey.”
Additional resources for advisors who are considering independence
In addition to offering focused sessions at IMPACT for advisors who are exploring the independent model, Schwab provides an array of online resources and educational materials, such as the RIA Roadmap, an Economic Discovery tool, and case studies of advisors who have successfully moved to the independent model.
About the
Schwab Advisor Services collected and analyzed RIA registration data for 2016 from
About
At Charles Schwab we believe in the power of investing to help individuals create a better tomorrow. We have a history of challenging the status quo in our industry, innovating in ways that benefit investors and the advisors and employers who serve them, and championing our clients’ goals with passion and integrity. More information is available at www.aboutschwab.com. Follow us on Twitter, Facebook, YouTube and LinkedIn.
Disclosures
Through its operating subsidiaries,
Schwab Advisor Services™ serves independent investment advisors and includes the custody, trading, and support of Schwab.
Independent investment advisors and Schwab are independent of each other and are not affiliated with, sponsored by, endorsed by, or supervised by each other. For informational purposes only.
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