Are Small IBDs Next On The Chopping Block?

Published Wednesday, December 17, 2008

Some independent b/ds have already benefitted from the damage done to the reputations of wirehouses in the credit crunch by gaining assets and advisors. But not all independent b/ds (IBDs) are riding high on the hog; many of the smaller fish in the business are stumbling in this market. In fact, small IBDs (loosely defined by industry experts as firms with less than $150 million in client assets) are facing a number of damaging crosscurrents: On top of increases in costs—both compliance and overhead—they are now experiencing revenue losses and margin erosion coupled with scarce credit. Those without ...

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