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Recruiters Outlook: The Best Next Moves for Advisors
The industry's top recruiters say a wave of advisor moves are on the horizon. Seven-year contracts will expire in the coming months and wealth managers will be sizing up their options. Click through our slideshow for the best insights and tips from top industry recruiters who work with advisors for the wirehouses and regional broker-dealers. For the full story, click here to view Recruiters Panel: What's Your Move?
"The wirehouses, the four of them left, will always have a place. Obviously, they are not going away. They almost all are owned by banks, but it's a dying part of the business. It's diminishing. The demographics, you can't fight them. It's there. The millennials will not be going to wirehouses. They will be going to RIAs. They will be going to robo-advisors, the new catchy phrase. You don't need to talk to a broker now. They have sophisticated programs that are much smarter than most brokers I have ever met."