How to Retain Your Financial Advisors
Wirehouse firms know all too well that their efforts to retain top representatives by offering deferred compensation plans and forgivable loans are not enough. Financial advisors know they have to repay these loans if they decide to leave early. In effect, firms have...Big Firms Creating Independent Channels
Broker Dealer firms are realizing that financial advisors want more independence, but still the comforts of having the best technology and benefits of a brand name. Firms like Wells Fargo and RBC Wealth Management have increased their independent channels recently and...Where Breakaway Wirehouse Advisors Go, Clients Follow
Since wirehouse brokers already have clients who will follow, the transition from wirehouse to independent is much smoother. Advisors don’t have to build a book from scratch and have a solid foundation.