Breakaway Advisors Succeed In Moving Client Assets to Independent Firms

bikerA new study from Cerulli Research shows that advisors exiting major wirehouses were able to transport 72% of client assets to independent firms. That number includes advisors who joined smaller independents that were not well known and advisors who started their own firms.

Most advisors should not have difficulty transporting their clients to independent firms.


Photo: Richard Masoner

Chart: Wealth

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
This entry was posted in Uncategorized and tagged , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s