Recent Study: Majority of Brokers Find
Other Channels More Appealing

According to the second annual National Financial Broker Sentiment Index(sm) sponsored by National Financial, if brokers were to move to another firm, there would be a significant shift in the percentage of brokers comprising each broker/dealer channel. In fact, one-third (33 percent) of all brokers surveyed would prefer an independent broker/dealer and 18 percent would prefer a Registered Investment Advisor firm. While 22 percent of brokers currently work at wirehouse firms, only 11 percent of brokers surveyed would choose a wirehouse firm. It is important to note, however, that wirehouse brokers are less likely to switch than other channels.

Original Press Release from National Financial