SAN ANTONIO – Independent broker-dealers face recruiting and retention challenges, many of which center on hybrid or dually registered RIAs edging toward greater autonomy. A pair of sessions at the FSI OneVoice conference focused on these issues.
"In the minds of advisors, they are truly independent only when they grow up and graduate to be an RIA," said Philip Palaveev, CEO of The Ensemble Practice, noting that the independent brokers had already "lost the PR battle with RIAs."
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