Approximately 2 in 5 advisors said that they were ICs working directly under a host agency, franchise, or consortium, and another 2 in 5 advisors said that they were owners affiliated with a host agency, franchise, or consortium. AGENCY/ADVISOR POSITION & AFFILIATION, SHARE (%) 41% 20% 39% Owner affiliated with a host agency/franchise/consortium Independent contractor working for an agency that is affiliated with a host agency/franchise/consortium Independent contractor directly under a host agency/franchise/consortium ADVISORS’ PROFILE CHART 20 | 31