The Securities Brokerage Industry is comprised of (1) 4,000 + firms and has a gross revenue of around 120 billion. Many of the firms in this industry offer full service options to their clients such as managing their portfolios along with representing individuals who wish to buy and sell securities such as stocks, bonds, mutual funds and other financial assets. The number of gross job gains is roughly (2) 31,000 jobs which is slightly less than the year previous. Job losses on the other hand are at 33,000 for this current year. (3) Sales from the past 4 years have been 6.1% for 2014-15, 5.5% for 2015-16, 10.4% for 2016-17, and 8.9% for 2017-18. These statistics are upward trending and the growth has been positive. This industry has proven to be profitable (1) although revenues can fluctuate depending on the trading volume and size of the customer accounts. This fluctuation can be observed in the Revenue …show more content…
TD Ameritrade focuses on their Internet services. While Schwab has a different approach and does allot of real-estate options. Wells Fargo is a retail broker much different than many of their competitors and have (7) 1,300 office locations and 1.4 trillion in client assets. Allot of companies in this industry lean towards a more technology driven and online based market and some are more family oriented while some do both. The drivers of change in this market are mostly going to be the top 8 companies who own 50% of the market. These companies are the leaders in driving change in the industry. Another driver would be the customers based on what is more popular among their clients the firms are likely to follow. Customers may be pulling more towards real-estate investments, mutual funds, stocks or whatever may be more financially beneficial to them. Technology is also another factor that drives change. Technology can allow faster and more accurate transactions that many brokers are already taking advantage