 So, while traditional branch managers have played an important role in developing and maintaining a firm’s culture, time-pressed complex managers — some in charge of 20 offices or more — are “busy putting out fires” instead of helping advisors solve day-to-day problems."Mark Hovanic, recruiter for Focus Financial Partners. |
Breakaway Brokers Reflect on the Branch Manager Role
Financial Advisor IQ, December 2013
Read the article online >
Summary: In undertaking the disruptive process of leaving a full-service national brokerage — one of the four so-called wirehouses — for independence in the RIA channel, few breakaway brokers jump ship to escape their branch managers. Industry watchers and ex-wirehouse advisors say that changes in the role of the branch manager, especially as it has evolved over the past decade, have helped to fray the bonds between restive brokers and the companies they work for.
Be the first to comment on this Article
