| Broker Job-Hopping Surged By 30% In February |
| Dow Jones Newswires Wednesday, March 10, 2010 16:12 |
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The number of financial advisers who switched major brokerages surged by 30% in February as overall registered representative movement climbed by nearly half, according to research firm Discovery. The Shrewsbury, N.J.-based researcher, which tracks representative moves each month, said 468 brokers left major firms, known as wirehouses, up from 360 in January. Overall, 3,531 representatives changed broker/dealer firms in February, up 49% from 2,372 in January. Full Story
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