Most Nonindependent Advisors See Greater Shift to RIA Model

About three-quarters of advisors at financial firms anticipate a continued rise in the number of peers making the leap to independence, according to a study by Charles Schwab. A survey of more than 200 advisors working at major financial firms showed that the shift to independence "isn't a passing fad," says Tim Oden, senior managing director of business development at Schwab Advisor Services.

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