Large Branch Offices At Independent Broker-Dealers Expected To Flex Their Muscles

January 31st, 2023, 1:48 PM

The wealth management industry can expect large offices of financial advisors registered with independent broker-dealers to gain authority and power in 2023, according to InvestmentNews.

In 2022, the industry saw significant development in the consolidation of the wealth management industry. Much of the development began when independent broker-dealers started to compete with private equity-backed entities of registered investment advisors in purchasing or investing in large branch offices of advisors.

That change signaled the strength of large branch offices, called offices of supervisory jurisdiction (OSJ).

Private equity managers will continue to seek opportunities to invest in large branch offices because they generate billions of dollars annually in revenue. They now have considerable competition from the many independent broker-dealers like LPL Financial.

Financial Advisor Transitions consults advisors nationwide to explore employment transition options and to preserve and protect their practice in any transition that they make.

Return to All

Blog

Large Branch Offices At Independent Broker-Dealers Expected To Flex Their Muscles

January 31st, 2023, 1:48 PM

The wealth management industry can expect large offices of financial advisors registered with independent broker-dealers to gain authority and power in 2023, according to InvestmentNews.

In 2022, the industry saw significant development in the consolidation of the wealth management industry. Much of the development began when independent broker-dealers started to compete with private equity-backed entities of registered investment advisors in purchasing or investing in large branch offices of advisors.

That change signaled the strength of large branch offices, called offices of supervisory jurisdiction (OSJ).

Private equity managers will continue to seek opportunities to invest in large branch offices because they generate billions of dollars annually in revenue. They now have considerable competition from the many independent broker-dealers like LPL Financial.

Financial Advisor Transitions consults advisors nationwide to explore employment transition options and to preserve and protect their practice in any transition that they make.

Return to All