Ipreo Publishes New Discovery Data Rep Movement Study, June 2015 YTD

New York – August 24, 2015 – Ipreo, a leading financial services industry provider of data and analytics on firms and professionals, has published a new edition of its Discovery Data Rep Movement Study. Covering June 2015 year-to-date, its most recent study provides insights on registration history where a rep moves from one firm to another.

Between January 1 and June 30, 2015* Discovery Data tracked 20,649 rep moves from one firm to another. When compared to rep movement in 2014, the level of activity in the first half of 2015 is down 32%.

“Insights like these are very valuable to our clients and even ourselves for our own knowledge and to better serve the marketplace and offer guidance,” stated Bob Herrmann, Managing Director of the Global Asset & Wealth Management division of Ipreo. “But this is a tricky topic to analyze as registration filings don’t all magically come to us the same month a rep moves. It has taken us years to time this study just right and be able to offer the breakdowns of types of moves within our analyses.”

To qualify for this study, Discovery Data verifies a rep is registered with a broker-dealer or investment advisory firm and has submitted their Form U4.

Clients of Discovery Data reference this study to help with business and strategic planning throughout the year. Updates are provided quarterly and made available within Discovery Data. If requested, clients can be provided the full dataset behind this study or engage Discovery Data to conduct a custom analysis. A complete overview and analysis of the industry, along with the full dataset, are also available to Discovery Data clients as a subscriber to Discovery Data Market Insight.

*Not all rep moves that occurred in the first half of 2015 have been recorded within Discovery Data at this time. As the study is updated moving forward any additional moves will be incorporated.

For more information, contact 732-933-1899 or info@discoveryco.com.

About Ipreo

Ipreo is a leading global provider of financial services technology, data and analytics. We support all participants in the capital-raising process including banks, public and private companies, institutional and individual investors, as well as research, asset management and wealth management firms. Our unique, cross-asset class solutions equip our clients with the information and tools they need for more effective decision-making and a more efficient workflow. Ipreo is private-equity held by Blackstone and Goldman Sachs Merchant Banking Division, and has more than 900 employees serving clients in every major financial hub around the world.

About Discovery Data

Discovery Data offers the only single view of the financial services industry with access to all BD and RIA firms, over 670,000 BD and RIA reps, 2,400 trust companies and 1.7 million insurance agents via a state-of-the-art online system, and includes comprehensive firm and professional profiles encompassing hundreds of fields of data, sophisticated search capabilities, and business intelligence capabilities to follow industry trends and mine key data. Additional services include a comprehensive data hygiene program, extensive data feeds for integration with any CRM or data warehouse, data-driven market insight and strategic guidance. Many of the world’s largest and most successful asset managers, wealth managers, clearing firms, insurance companies and service providers rely on Discovery’s data and services to understand the industry, and to identify, reach and do business with firms and professionals throughout the United States. For more information, please go to www.discoveryco.com.

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Press Contacts:

  • For Ipreo
  • Kate McKay
  • Managing Director, Global Marketing & Communications
  • 212.849.5060
  • kate.mckay@ipreo.com