Historically we have been a fee-only RIA. As we recognized people would start jumping ship from wirehouses, we adopted a hybrid stance."
Matt Cooper, President, Beacon Pointe |
Our Commentary
While there is strong evidence of the growth of the hybrid RIA, and their are a number of RIAs who desire a national footprint, I do not think you will see a large trend of fee-only RIAs joining independent broker dealers to attract hybrid reps. The RIA would more likely merge with an existing RIA for growth.