Registered investments advisors like to think of themselves as starkly different than their counterparts in wirehouses -- in terms of fee structure, fiduciary responsibility, independence and, often, income, but a new study casts some doubt on the income part of that equation.

In truth, planners in RIAs and wirehouses earn roughly the same income when they are in firms of equivalent size, according to a new report by Boston-based consulting firm Aité Group.

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

Don't have an account? Register for Free Unlimited Access