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Fee-based advisor channel enjoys rapid growth

The study pegs the number of financial advisors across all channels at 352,000, of which 21,000 are fee-based and 11,000 are registered with the SEC.

By Warren S. Hersch | Updated on August 05, 2013
<a href="http://www.freedigitalphotos.net">Photo credit: FreeDigitalPhotos.net</a>

The number of fee-based financial advisors will top 19,000 by 2016, up 20 percent since 2011, according to new research.

Tiburon Strategic Advisors discloses this finding in an August report on the evolution of financial advisor channels. The survey examines changes among full-service brokerage firms, independent advisors, insurance agents, retail banks, upscale channels and real estate professionals.

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