Karstens Investment Counsel, an RIA in Omaha, Neb., with $200 million in assets, will join Frontier Wealth Management.
2019 was a great year for advisors at independent brokerages, but that may belie what's ahead for the channel if the economy continues to tumble.
Even as the number of advisors jumping channels has slowed during the pandemic, it has not stopped independent channels from continuing to attract the most net new advisors, according to new data.
After managing his own registered investment advisory since 2004, Bedminster, N.J.-based Robert Bacino moved his book of business back to the employee model.
Despite 2019 being a record year for M&A activity, 2020 will likely see fewer deals consummated, due to the coronavirus, according to recent M&A reports.
Instead of sticking to an employee model or full independence, large firms are embracing the hybrid affiliation model.