Debunking Myths About Advisor Movement

Posted by Sargam Gosain on Mon, Sep 16, 2019

Rubesh Jacobs, Abhay Patil and Tanpreet Singh co-wrote this blog post with Sargam Gosain.

Advisor movement is of course part and parcel of the natural dynamics in the industry: as advisory practices grow, build sustainable books of business and mature their business models, they decide to seek more attractive business opportunities. But the prevailing view in the industry is that advisors are leaving the wires in droves to join independent broker dealers (IBDs) and RIAs. However, our analysis, based on investment advisor data published by the SEC, shows that this narrative just isn’t accurate.

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