While the percentage of all advisors on the move in any year seems to have leveled off post-recession, those changing firms are taking more of their clients with them when they go.
The SEC has charged a corporate lawyer and a trader with colluding to profit from early information on at least 11 mergers and acquisitions. A criminal case is also pending.
Up-and-coming independent advisory network Dynasty Financial Partners has wooed away Charles Schwab's head of consolidation to run its RIA outreach, recruiting, and transition activities.
About 16% of advisors reportedly quit the business every year and those who remain are getting older. But does this mean that the strong players are simply squeezing out their less experienced counterparts?
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