He says the industry has become much more diverse and supportive, but there’s still a long way to go.

The same trends upending other industries offer opportunities for advisory practices to get ahead of the competition.

They say a prolonged period of volatility will require more creative solutions to find returns and stave off losses.

There are decisions to be made ahead of final guidance to be released by the commission later this year.

Akshay Singh’s Indyfin seeks to give more independent practices access to client leads and the potential opportunity of online reviews.

Across the country, banks of all sizes are investing in the wealth business as a way to deepen customer relationships, capture recurring revenues and tap into a massive transfer of wealth from baby boomers to Generation X and millennials. A lot of money is up for grabs, but maybe not enough to go around.

But a recruiting expert says advisor independence comes with its own set of challenges.