Financial advisors at independent broker/dealers surveyed in WealthManagement.com’s sixth annual IBD Report Card don’t expect to be moving around too much in the next two years.
More than 60 percent of the advisors at all of the 15 firms surveyed stated it was very likely they would stay put at their current firm. In fact, only LPL Financial Corporation saw more than a quarter of advisors expressing a desire to look elsewhere.
As far as where the advisors came from, 50 percent of those at small broker/dealers came from another IBD, while 30 percent of those at large b/ds came from a broker/dealer.
For the purpose of this survey, large broker/dealers are those with 1,000 or more advisors and small b/ds are those with fewer.
Read the Full 2016 IBD Report Card