Financial Advisor Magazine just released its annual Independent Broker-Dealer Survey 2026, one of the most closely watched benchmarks in the advisory industry, and AdvizorPro was featured in it. Hesom Parhizkar, Chief Product Officer at AdvizorPro, contributed data and analysis on some of the most significant shifts happening across the broker-dealer channel right now.

Here are a few themes worth flagging before you read the full piece.

The Broker-Dealer Channel Is Stabilizing, But the Pressure Is Real

Advisor attrition from the broker-dealer channel has slowed significantly compared to 2021. But a slower exit rate doesn't tell the whole story. The channel is navigating a stagnant rep pool, tighter margins, and a growing gap between the largest platforms and everyone else. The FA-Mag survey breaks down what firms are doing to respond.

The RIA Channel Keeps Pulling Advisors Away

The flow of advisors into the RIA channel has more than doubled since 2021, and the most common move in the industry is now advisor-to-advisor within the independent space. Our U.S. Wealth Advisor Movement Report 2026 covers these transitions in depth, but the FA-Mag survey adds important context on what's driving them from the broker-dealer side.

Consolidation Is Redrawing the Map

A handful of large platforms are absorbing smaller broker-dealers at an accelerating pace, creating a landscape that looks very different from even a few years ago. For asset managers and distribution teams thinking about where to focus, understanding who is gaining scale and who isn't has never been more important. Our guide to the largest broker-dealers in 2026 is a useful companion read.

The full FA-Mag survey goes much deeper on all of these themes. We'd encourage anyone working in distribution, recruiting, or wealthtech to read it in full.

Read the original feature: Independent Broker-Dealer Survey 2026, Financial Advisor Magazine

About AdvizorPro

AdvizorPro is the advisor intelligence platform built for asset managers, ETF issuers, wealthtechs, and distribution teams that need to identify, prioritize, and engage financial advisors. With verified data across 750,000+ RIAs, family offices, and broker-dealers - combined with AI-powered lead scoring, TrafficIQ visitor intelligence, native CRM integrations, and now direct connectivity to Claude and ChatGPT - AdvizorPro powers the go-to-market strategies of leading firms across the wealth management ecosystem.

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