Volatile Markets May Slow Advisors Move To Independence

roller coaster

Gyrating markets may convince some some advisors that it’s better to stick to brand names now rather than going independent. Advisors  who were not strongly committed to going independent may feel that anxious clients would prefer to entrust their assets to advisors at more well-known wirehouses and regional firms. Also, the upfront cash that wirehouses and regionals pay advisors to join could help those advisors more easily navigate a tense period in the market. I’m starting to see this trend with some advisors I’m currently working with.

Here’s an article that I wrote on this topic during another  tumultuous period back in 2011.

Why Market Volatility is Slowing Move To Independence

ThinkAdvisor October 5, 2011

Photo: Elizabeth Buie

About Mark Elzweig

I am an executive search recruiter with an inside track on financial advisors, the asset management industry, and Wall Street. My work has appeared in numerous publications including On Wall Street,AdvisorOne, and Fund Fire. Journalists regularly seek me out, so you catch my bon mots in The Wall Street Journal, Research Magazine, Reuters, and more. You can follow me on Twitter @elzweig or you can reach me directly at 212-685-7070 or elzweig@elzweig.com.
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