The Rummage Group breaks the industry into firms, models and types. There are about 2,000 broker dealers and over 10,000 RIAs that employ financial advisors. Making up these firms are about 10 models; wirehouses, regional firms, independents, RIAs, hybrids, insurance companies, boutique firms, chop shops, banks and discount firms.
This table, based on research by the Rummage Group, uses industry averages and estimates. Keep in mind, there are always exceptions to the rule.
The read more on whether you are at the right firm, model and type, click here.
