Wirehouse advisers for example have moved mostly to other wirehouses in recent years. In 2015 Cerulli Associates estimated that 24% of wirehouse brokers went independent in 2015, down from almost 30% in 2010. In 2014, 59% of wirehouse advisers who moved opted to join another wirehouse, up from 45% in 2010. In my experience, more advisers at IBDs are also now exploring the RIA model.
Read more: Why More Advisers Want To Become RIA’s
