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Why Advisors Are More Than Happy to Leave the Wirehouses
By
Ed Friedman
Commentary February 07, 2025 at 11:02 AM
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What You Need To Know
- Cerulli estimates that by 2027 wirehouse assets will drop to 27.7% of the wealth management industry.
- For advisors to build significant net worth, they need to own their business.
- In recent years, asset management firms have begun dedicating significant resources to support RIAs and their clients.
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