She notes that advertising of sophisticated investments has been muted.
The question for next year is whether independent broker-dealers can regain the momentum they enjoyed in 2009 and 2010.
Rising rates should bring a vital cushion to the balance sheets of independent broker-dealers.
For the second time since the credit crisis, noted private equity investor Donald Marron is making a hard charge to acquire the large IBD.
Coming 12 to 24 months could divide the industry into winners and losers — firms that will be able to adapt, and those that might fall by the wayside. </br><b><i>(More: <a href="//www.investmentnews.com/section/specialreport/20160124/IBD012016"" target=""_blank"" rel="noopener noreferrer">Top Independent Broker-Dealers 2016 special report</a>)</b></i>
The gala's organizer, Franklin Square, is one of the firms whose alternative investments could be hurt by a proposed DOL fiduciary rule.
Some are feeling skittish about their future prospects as parent company RCS Capital Corp. operates under an $800 million debt burden.
Commonwealth Financial Network managing principal John Rooney says a combination of higher costs and less revenue, thanks to the DOL fiduciary rule, will cause widespread consolidation of independent broker-dealers.
