An Independent Broker-Dealer is a financial firm that facilitates the buying and selling of securities for clients, such as individuals and institutions. Unlike large, integrated financial firms, independent broker-dealers operate independently and are not tied to any specific investment products or services. This allows them to offer a wider range of options and personalized advice to their clients. These firms typically earn revenue through commissions on trades and fees for advisory services. Independent broker-dealers often provide their financial advisors with the flexibility to choose the best products for their clients, fostering a more client-centric approach in the financial services industry.