I'm a little unfamilar with the independent broker dealer (IBD) model and how that would differ from an employee-only 'full' broker dealer model.

If you become an indy and you sign up with an IBD as a contractor what technology/sw do they provide versus what are you to supply? CRM, Performance Reports/ Client Reporting, Client profiling &, investment product research, held away assets, portfolio management system, etc.

As you evaluatue different IBDs, how much importance do you place on these tech tools and software?  Large factor, insignificant?

Thanks!