I think you’ll continue to see some M&A activity and succession planning that will drive advisors [to RIAs]. If they’re looking to get the best valuation for their practice and have the biggest set of advisors or buyers to sell to – I think it’s easier to do in a model like an RIA channel. Versus, if you’re in a captive environment, you just have a smaller pool.”
 
Scott Collins, head of advisor transitions, TD Ameritrade