Ann Marsh

One defecting advisor says she was lured by better technology and because at her new employer, “It’s about the people and not just the numbers.”

“We didn’t need to physically travel to see that RBC was the ideal place to move our practice,” ex-UBS advisor says.

“I’d say independence is resonating with advisors now more than ever,” says recruiter Jodie Papike.

The firm has recruited at least 22 advisors this year who managed $3.3 billion in client assets.

“This virtual program will fill a major a hole left by internship cancellations,” says FPA President Martin Seay.

Two testing windows remain for this year, but the board cautions they will take place “only if they can be conducted without compromising the health of exam candidates.”

Without centralized IT protocols RIA cyber fraud scenarios are taking on new and nightmarish dimensions — but there are ways for firms to defend themselves.

The firm recruited only slightly fewer advisors than the year-ago period in very difficult economic conditions.

XY Planning Network says about 250 students and 50 firms have responded to a new virtual internship program it launched to fill the gap.

Private equity points to the birth of the advisor independence movement as proof they’re in it for the long haul.