Advisors Are Piling Into the RIA Channel. That May Not Be a Good Thing
The independent channel is experiencing growing pains as mega RIAs get bigger, resembling Wall Street.
Breakaway advisors are getting creative due to the steady migration from traditional brokerage to independent financial planning.
Mergers and acquisitions, backed by private equity investors, have created categories like aggregators, roll-ups, and mega RIAs.
the independent channel is beginning to look a lot like Wall Street
Author's summary: Advisors flock to RIA channel.
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