Advice business can grow during wild market rides

10/14/2011 | InvestmentNews (free registration)

TD Ameritrade President Tom Bradley says market volatility is creating an opportunity for fee-based investment advisers. "People are now seeking advice more, and they're seeking transparent, objective advice," Bradley said. Last year, the number of fee-only advisers grew to 66% of the market, from 29% five years earlier, while the number of commission-only advisers fell to 12% from 35% in 2005.

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