Fewer Advisors Breaking Away, Report Finds

June 27, 2017 by Cyril Tuohy

Investment advisor representatives, financial advisors or financial advisories who leave or break away from their captive channel to start new in the independent channel is lower than widely reported, a new analysis found.

When only the “successful” advisors and brokers — those who weren’t fired but left on their own accord — are counted, the number drops further still, said Chip Roame, managing partner of Tiburon Strategic Advisors.

The breakaway broker trend may not be as big as everyone says it is, nor is it as significant a movement that some would have others believe, he said.

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Originally Posted at AdvisorNews on June 15, 2017 by Cyril Tuohy.