The breakaway broker trend of financial advisors leaving traditional wirehouses for independent waters is just beginning to heat up.

“The lead dogs … have gone independent and the next crop of wirehouse advisors is watching them,” Charles “Chip” Roame, the chief executive officer of Tiburon Advisors, told an audience of financial executives at the Tiburon CEO Summit XXII at the Ritz-Carlton Hotel in New York on Tuesday. “They are watching companies like HighTower pick up big producers and there may be a big flood coming behind them.”

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