 What will happen is, once you're at a new place you get so energized that inevitably you end up getting more assets either from existing clients or from a referral."Scott Abry, Steward Partners Holdings'
|
Advisers leave assets behind when switching firms
Mason Braswell | InvestmentNews, December 2014
Read the article online >
Summary: In many cases, advisers and brokers are finding that about 20% of assets are left behind in an average move between firms. Proprietary investments, banking and lending products and some illiquid alternatives can keep clients tied to the former firm longer, industry observers said. In addition, advisers take the opportunity to shed some of their smaller or less welcome clients, and some clients may prove harder to sell on a move than expected.
Be the first to comment on this Article
