Mindy Diamond Quoted
By Megan Leonhardt
Buoyed by a powerful five-year bull market, advisors say they’re reluctant to venture out and chart their own course as RIAs.
Over 85 percent of national brokerage advisors say they haven’t considered going independent in the last year, according to REP.’s annual Broker Report Card. Moreover, 81 percent of advisors at traditional wirehouses say they’re very likely to still be working at their current firm a year from now. Only 5 percent say there’s a good chance they won’t be there.