IBDs Beat Wirehouses, Regionals In Fight For Assets

The independent broker/dealer channel is the fastest growing corner of the financial services world in terms of assets, with a five-year compound annual growth rate of 11 percent, according to a new report by Cerulli Associates. That compares to the four wirehouses— Morgan Stanley, UBS, Wells Fargo Advisors and Merrill Lynch— which grew assets 6 percent over…