6 Key Reasons Why IBD Advisors are Moving to the RIA World

Howard Diamond | LinkedIn Pulse, March 2017

Summary: As the principal of a $300mm practice with one of the largest independent broker dealers (IBDs) in the country, “Alan” was feeling that his business had reached a plateau. Oddly enough, this isn’t the first time he’s felt this way. Some 16 years ago, Alan made his initial move to independence by joining a small regional independent broker dealer. After 12 years, he had grown to be the biggest practice there, yet felt constricted by outdated technology, limited platform and a lack of community. Ultimately, he felt as though he had outgrown the broker dealer.

The fact remains that whichever model you choose, the decision should be based upon your business goals and the ability to serve your clients in the best way possible. Having a clear picture of what each model offers and ensuring alignment with your vision is key to landing in the right place for your business life.”