After working for years on their own, many advisors struggle to find the right business continuity or succession partner  – another professional they can trust to assume stewardship of their clients, staff and even family if they become incapacitated, retire or die. Joining a branch can provide the benefit of a built-in back-up plan, in addition to the many economies of scale afforded by sharing overhead and resources.

In the independent channel, the term “branch” has a slightly different meaning than in a wirehouse or regional broker-dealer. An independent branch manager typically maintains an individual book of business. He or she may directly perform supervisory duties or may share those responsibilities with appropriately licensed staff.

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