Experts expect increased movement by advisers next year

12/30/2012 | Financial-Planning.com

Experts predict the movement of certain financial advisers will accelerate in 2013, with independent broker-dealers opting for other independent broker-dealers, the registered investment adviser model or larger firms, and some wirehouse advisers choosing to go independent. "The reasons include a belief in the fiduciary client coverage model, a desire to own and run their business, and more flexibility," says Shirl Penney, CEO of Dynasty Financial Partners. "... Generally we're hearing about the positives of where they are going and less about the negatives of what they are leaving."

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