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.
Breakaway Brokers on the Rise
July 23, 2010 By Leave a Comment
There has been a substantial increase of breakaway brokers so far this year. According to TD Ameritrade Institutional, “…212 breakaway brokers have joined its network during the first three quarters of its fiscal year 2010. That’s a record amount for the first three-quarters of any fiscal year for the Jersey City, N.J.-based RIA custodian.” Typically, [...]
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