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2021 IBD Report Card

May 17, 2021

2021 IBD Report Card

April 28, 2021 | Wealth Management

For the most part, our annual independent broker/dealer report card shows advisors have a high degree of satisfaction with their chosen firms. Yet the number of advisors affiliated exclusively with an independent broker/dealer has been declining on an annualized rate of about 1.9% for the past five years, according to Cerulli. What’s driving advisors to switch firms, or exit the IBD channel altogether? Largely, the data shows advisors’ businesses are changing, and the firms they affiliate with can’t keep up. Consider that these advisors’ revenue from fee-based business has soared passed what they earn from commissions. Almost three out of four say it’s “very likely” they’ll be with their same firm in two years.

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Gordon Dunne
September 30, 2019

“Always, but especially in this day of lawsuits and ever increasing regulations, the responsibility for a financial advisor t do their own due diligence on products they sell falls squarely on themselves. No one is going to take greater interest in protecting their practice than they are. We use the Blue Vault Partners Nontraded REIT Review to keep us informed of the performance of every single nontraded REIT. Finally, complete transparency is available for advisors using nontraded REITs. Every advisor using REITs in their practice should make the small annual investment of subscribing to Blue Vault’s reporting services.”