While the flexibility of independent advisory models is drawing advisors in, a lack of trust in large financial institutions may be pushing investors away from big Wall Street firms and into the arms of independent advisors.
This push-and-pull effect has advisors and clients gravitating toward the RIA and dually registered advisory channels a trend that is expected to continue in coming years as independents gain marketshare, according to a recent report from Boston-based global analytics firm Cerulli Associates.
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