Brokerages face exodus as advisers get better deal in indie firms
Wednesday, August 13, 2014
By Elizabeth Dilts NEW YORK (Reuters) - The four biggest U.S. brokerage firms are facing an exodus of employees who are finding they can make more money and save on taxes by taking their clients and starting an independent firm before they retire. Prices are rising for independent brokers because of demand from investors and other firms, while supply is low because advisers have made steady ...
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