Summary: There is some debate as to the official launch of the breakaway advisor movement, when advisors began leaving the shackles of the captive wirehouse environment for the freedom and independence of the RIA community. In order to pinpoint an exact date, we not only need to consider the exodus of advisors, but we also need to consider at what point was there a true RIA industry that advisors could break away to.
 As a result of this creative destruction, it will continue to attract the best and brightest due to its open architecture and unlimited opportunities to find the best models for serving both clients and employees."Matt Sonnen, Founder and CEO, PFI Advisors |
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