Joining a subaggregator is a more prominent choice for investor advisers looking to go independent, then for them to start their own shop, a recent Cerulli report claims. Subaggregator firms are distinguished from the traditional definition of broker-dealers (B/Ds), registered investment adviser, or office of supervisory jurisdiction (OSJs). Subaggregators support multiple advisory practices via the usage of platforms of larger firms such…
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