Despite the painful headlines, government bailouts and predictions of a flood of advisors going independent, wirehouses have retained both advisors and high-net-worth assets and will continue to dominate this space, according to a new report by Cerulli Associates.

Cerulli’s report on “High-Net-Worth and Ultra-High-Net-Worth Markets 2009” says that while the market crisis should have been the ideal time for banks, trust companies, multi-family offices and regional broker-dealers to grab market share from wirehouses, it didn’t quite work out that way.

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