Cerulli: Large IBDs Get Even Bigger as Consolidation Reaches New Heights

You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. As much as the industry talks about the M&A happening in the registered investment advisor space, it’s the independent broker/dealer channel that’s experiencing the most consolidation, according to a new report by Cerulli Associates. And that means the largest firms are getting even bigger and controlling a greater share of advised assets. Cerulli found that the IBD channel now accounts for near ...