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Discovery Data Publishes 2018 Rep Movement Study

EATONTOWN, NJ — February 20, 2019 — Discovery Data, the 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 2018, its most recent study provides insights on registration history in which a rep moves from one firm to another.

In 2018 Discovery Data tracked 76,410 rep moves from one firm to another, which were made by 38,961 unique reps. The approximate number of reps active during this period was 740,000. Based on the total number of reps and the number of reps that moved, about 95% of reps in the industry did not change firms.

“Insights like these are very valuable to our clients and even for our own knowledge to better serve the marketplace and offer guidance,” stated Bob Herrmann, CEO of Discovery Data. “This data shows some interesting and important trends by channel and overall shows the amount of movement is declining significantly compared to the past ten years.”

Clients of Discovery Data reference this study to help with business and strategic planning throughout the year. Updates are provided monthly 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.

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

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