Independent advisors should be preparing themselves more aggressively for sale and consolidation, a new study says.

“We really think that over time, there will be a lot more consolidation, with firms [emerging] with $30 billion to $40 billion in assets under management,” says Neal Simon of Highline Wealth, one of six RIAs who are members of the group that released the study. “We think people need to be thinking about how they fit into that future.”

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