With more wirehouse and regional advisors seeking greater independence, control, autonomy, superior economics, and the ability to customize the client service experience, independent models have been big winners. In fact, more independent models have been born in the last two years than ever before. Today, those who had been reluctant to leave their firms, thinking no exceptional alternative existed, may want to take another look at the expanded landscape.
Firms like Focus Financial Partners, Dynasty Financial Partners, and HighTower Advisors, have all scored well over the last year or two by recruiting their shares of independent-minded advisors.
