Do most financial advisors wind up running their own firms?

Prepwise AnswersCategory: Finance CareersDo most financial advisors wind up running their own firms?
Kate McKeon Staff asked 4 years ago
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1 Answers
Career Dev Staff Staff answered 4 years ago

The vast majority, an estimated 270,000, work for large brokerage firms such as Bank of America Merrill Lynch (BAC) or Morgan Stanley (MS) or mid-sized ones like Raymond James & Associates Inc. (RJF). Some 30,000 are independents, spread out across roughly 12,000 firms, Seivert estimates.