Interactive Brokers, the Greenwich, CT-based electronic market maker and broker, says it has witnessed an acceleration of the trend for Registered Representatives to become Independent Advisors.
As portfolio values decline across the industry, many large brokers have decided that servicing smaller balance client accounts is no longer profitable, putting Registered Representatives with strong customer relationships in a difficult position.
As a result, many of these Registered Representatives are making the decision to go independent, according to Interactive Brokers.
Interactive Brokers Group specializes in routing orders and executing and processing trades.
The company provides professional traders and investors with direct market access to stocks, options, futures, forex, bonds and funds from a single IB Universal AccountSM on over 80 market centers worldwide.Melanie Rodier has worked as a print and broadcast journalist for over 10 years, covering business and finance, general news, and film trade news. Prior to joining Wall Street & Technology in April 2007, Melanie lived in Paris, where she worked for the International Herald ... View Full Bio