Provides broker-dealers and investment professionals with insights on emerging products and industry trends that will drive the evolution of the brokerage business.
Click here to listen to the executive summary of the Broker-Dealer of the FutureAbraham Lincoln once said, "The best way to predict the future is to create it." The future of the retail financial services industry is being created today and broker-dealers are the architects. Standing as the bridge between the investor, the investment professional, and the complexity of the investment markets, broker-dealers have the potential to lead the way. However, broker-dealers are in danger of getting lost in the labyrinth of competition, regulation, and operational challenges. The results of the Pershing LLC sponsored research study unequivocally show that both growth and change are inevitable. Broker-dealers are projected to grow by 21% per year, doubling in size over the next five years. However, to turn the growth opportunity into long-term profitability, broker-dealers need to increase operating efficiency, retool their product and technology offerings, tackle the talent shortage, and find ways to deliver additional value to investment professionals.