In recent years, the financial services industry has witnessed a notable trend – a significant exodus of both senior management executives and financial advisors from big wirehouse firms to establish or join independent Registered Investment Advisor (RIA) firms. The moves have been significant and seem to buck a trend of consolidation in the wirehouse space…
The new year brings reflections on what transpired in 2023 and thoughts for the year ahead. 2023 was undoubtedly a record year for financial advisors transitioning from traditional banks/brokerages to more friendly advisor centric private wealth platforms, including the various choices of independent platforms. Even gestures by some large banks like Merill to modify their…
Financial advisors spend years developing their business, cultivating relationships, and serving clients. After all this work, the same care needs to go into thoughts about succession planning and retirement. For advisors at big firms, the options are limited, they are what they are if advisors have signed agreements with them. However, there are more ways…