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RJ & Makay

Our view of news, events and human capital trends in the financial services industry.
Tags >> dully registered RIAs

Looking inside breakaway brokers

Posted by RJ and Makay on Aug 10, 2010

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The Aite Groupxray of man running (a leading independent research and advisory firm out of Boston) did a recent report, Wealth Management on the Move: The Experience of Going independent. Among other findings the report reveals that uncertainties at wirehouse firms and damaged brand reputations resulting from the financial crisis are responsible for 41 percent of wirehouse breakaway brokers.

Jerry Gleeson of Registered Rep breaks out some of the interesting findings in his article, Poll: Clients Love Breakaway Wirehouse Brokers.