Increasingly financial advisors are realizing the benefits to become an investment advisor rather than a traditional registered representative. We have discussed the benefits on multiple occasions, and while the RIA model is not for everyone, there are significant benefits to the RIA model.
This is partially demonstrated by the growth of RIAs, as demonstrated by Financial Advisor Magazine's 2017 RIA Survey & Ranking, and the accompanying commentary.
RIA Survey & Ranking 2017