An increasing number of advisor teams are transitioning to the fully independent registered investment advisor model from independent broker dealers, according to a Charles Schwab Advisor Services survey released Tuesday, which found a 45% increase in 2010 compared to 2009.
The survey, which was conducted with 157 IBD-affiliated advisors, revealed that 86% of advisors find the idea of being a fully independent registered investment advisor attractive. And among those who know someone who started or joined an RIA firm, 95% find the RIA model appealing, Schwab reported.
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