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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