Broker Dealers with RIA's
Summary of Pertinent Info
There are over 3,500 Active Broker Dealers per the SEC. Not all of them allow Registered Investment Advisors on their platform. Currently the major profit centers of Broker Dealers are fees, order routing and net interest. What was once the main revenue driver, trade commissions, have been eliminated at many Broker Dealers. In the attached PDF you will find a list of the Broker Dealers that allow RIA's on the platform, the key metrics, and contract termination protocols. In that PDF I have a column entitled, Compete. That means the Broker Dealer also has in house advisors. As more broker dealers respond to my questions about their termination protocol I will update. As I expected BD's are not eager to supply contracts.