Are Regional Broker-Dealers the Happy, Happy Medium?
by: Mason Braswell and Donald Jay Korn
Wednesday, June 20, 2012
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Regional broker-dealers aren’t wirehouses, but they are still brokerage firms employing advisors who often practice in group offices. Thus, regional firm reps occupy a middle ground between wirehouses and independent financial advisor. As researcher Cerulli Associates put it recently, “Regional B/Ds can be considered to be the first step in a continuum of independence. Although regional B/D advisors are not, by definition, independent, they operate with more autonomy than their wirehouse brethren.”

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