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Wirehouses Have Slower Growth than Any Other Channel

September 3, 2010 By Willis Consulting Leave a Comment
A desire for a higher payout (came in) third place among rationales for leaving

Wirehouses have been beaten up lately mostly because of all the bad press and the destruction of their brand names. Financial advisors are looking to breakaway to other channels. Every channel has seen double-digit growth within the past year except the wirehouse channel. Granted, they still have the majority market share.

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Filed Under: Financial Recruiting Industry, Financial Services Industry Tagged With: financial advisor careers, financial advisor headhunters, financial advisor job recruiters

Big Firms Creating Independent Channels

August 11, 2010 By Willis Consulting Leave a Comment

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 brokers are following. The number of brokers moving to this independent channel is rapidly increasing too.

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Filed Under: Financial Advisors, Financial Services Industry Tagged With: financial advisor headhunters, financial advisor jobs