Hybrids are hot — and not just among car buyers. As more advisors transition to independence these days, a growing number of them are choosing to adopt a hybrid business model that lets them conduct both commission-based brokerage business and fee-based advisory business. For many advisors, the hybrid road may offer the best of both worlds.
With that in mind, I want to share some insight into the hybrid landscape — including the two major types of hybrid business models — and examine some key issues that should be considered when comparing them.
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