Despite the fact that independent investment advisory firms are growing at an exponential rate, their unfocused business development models might hinder their success, according to a report, “Achieving Growth with the Right Business Development Structure,” by Schwab Institutional.

“It’s a great time to be an independent advisor, but many firms are looking for guidance on how to manage their rapid growth, overcome barriers to growth and maintain a superior level of client service,” said Deborah Doyle WcWhinney, president of Schwab Institutional.

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