Breakaway Brokers Going Independent

December 2008
Journal of Financial Planning;Dec2008, Vol. 21 Issue 12, p12
Academic Journal
The article reports on independent brokers and their impact on retail brokers. Due to the financial crisis in the U.S. many employee brokers have gone independent or are considering it. Aite Group LLC conducted a survey on brokers which found that the 5 largest retail brokerage firms would lose some 16,300 brokers.


Related Articles

  • Broker-Dealers Need a Plan B for Clearing Relationship.  // Securities Industry News;5/4/2009, Vol. 21 Issue 10, p5 

    The article focuses on a study on brokerage clearance and settlement conducted by Doug Dannemiller and James Kang of research firm Aite Group. The study encourages broker-dealers to conduct reviews of clearing brokers every other year so that they can switch clearers on short notice. The study...

  • ISOs, Acquirers Differ On Emerging Markets: Survey.  // CardLine;1/8/2010, Vol. 10 Issue 2, p39 

    The article reports on a survey of independent sales organizations and merchant acquirers by Aite Group LLC which suggests that acquirers have different views on where they might find new card-accepting merchants. For 24% of the 17 acquirer respondents, the utilities category was the top...

  • Spending Remains Split for '09. Mazur, Michael L. // Community Banker;Apr2009, Vol. 18 Issue 4, p18 

    The article reveals that marketing spendings of financial services institutions is split for 2009 according to a survey by Aite Group. The survey found that roughly four in 10 financial services marketers said they will increase their marketing spending. However, a similar percentage said they...

  • The Little Discount Brokerage That Could. Gleeson, Jerry // Registered Rep Exclusive Insight;5/8/2012, p4 

    The article features U.S. brokerage firm Scottrade whose registered investment advisor platform grew assets by 45% to 35 billion U.S. dollars in 2011 despite the lackluster performance of custodial firms almost across the board. It notes that Scottrade, which provides online discount brokerage...

  • Youth Exodus. J. G. // REP.;Jun2012, Vol. 36 Issue 6, p25 

    The article focuses on money-moving by young investors. As reported in a study by Aite Group LLC, they are more likely to exit by taking their assets than older generation as they have to buy houses and need money for children. The young investors' current and future wealth makes them good...

  • In a Segmenting Clearing Industry, Brokers Left With Dwindling Options. Hintze, John // Securities Industry News;5/12/2008, Vol. 20 Issue 19, p1 

    This article discusses a study which examined the strengths of some of the largest clearing firms in the U.S. Conducted by Aite Group, the study described the clearing platforms' core functionality, services, ability to integrate with third-party technology providers and relative usability. It...

  • After the Flood. Clark, Bob // Investment Advisor;Dec2010, Vol. 30 Issue 12, p71 

    The article examines how independent financial advisors can deal with the rising breakaway brokers in the U.S. It notes study conducted by TowerGroup which indicates that wirehouses and banks lost 20% of their brokerage force from 2002 to 2009. It also cites a study conducted by Aite Group LLC...

  • Need for Core System Transformation Intensifies. Barry, Christine // Bank Accounting & Finance (08943958);Oct/Nov2010, Vol. 23 Issue 6, p17 

    This article focuses on the need for and expected increase in core system replacements in the U.S. financial services industry. A study by Aite Group cited ease of access to data being requested by regulators and customers as the key difference between institutions that were less able and those...

  • Reducing Your Cost Structure.  // Community Banker;May2009, Vol. 18 Issue 5, p14 

    The article focuses on a report from the Aite Group on how banks can reduce their cost structure. It notes that banks can find a sales executive with authority across the wide array of products and services offered by large vendors. It mentions that since the economic crisis is forcing vendors...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics