Andrew Blake: Broker/Dealer Consolidation and Fee Compression Have Been Much Bigger Headwinds for Advisors Than Market Volatility
The Long View
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US Advisor Metrics Research Methodology and Industry Trends
This chapter delves into the methodology of the US Advisor Metrics report, detailing the combination of quantitative and qualitative research methods used, along with surprising findings from surveys of asset manager distribution personnel and financial advisors. It discusses the impact of the 2022 market environment on the financial advisory industry, highlighting challenges such as broker-dealer consolidation and fee compression. The chapter also explores trends like the growth of independent RIAs, advisors moving from wire house firms to independent RIAs, the breakdown of assets under management across different channels, and the lack of diversity in the financial advisor industry.
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