Here are six crucial areas financial advisors need to watch over the next year
For advisors, 2018 was all about adapting to major transformation. For firms, it was about the battle for control which left advisors at a crossroads of accepting themselves as agents of their firms or crafting creative ways to break free.
Quite a bit of movement characterized this year, especially among top-of-the-food-chain advisors. By our count, 24 $1 billion-plus teams have moved to date, only two of which went to another wirehouse. Leading the uber-competitive recruiting race were First Republic Wealth Management, JPMorgan Securities, RBC Wealth Management and the independent space.
