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.

Cerulli-ClientRetention

Photo: Richard Masoner

Chart: Wealth Management.com

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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