It's good to be a custodian these days. Online brokerage giants, including TD Ameritrade, Charles Schwab and Fidelity, are taking market share from almost every segment of the financial advisory business - except for RIAs.
In 2009 and 2010, the online brokerage segment gained an additional three percentage points of the $13.5 trillion advisory wealth management market, pushing its share up to 19%, according to a new report from Aite Group. Just about every other segment either lost ground or inched up by less than a full percentage point.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access