This is a great year to be looking for a new independent broker-dealer.
Shake-ups continue to embroil the space. Large and small advisory firms and independent advisors are jumping ship from their old firms to find new independent broker-dealers to assist them.
And the leadership at large broker-dealers looks like a constantly shifting chessboard, as executives are poached by rival firms. Add to that the fact that broker-dealers’ fees are being compressed and they face changing regulations. That’s a lot of changes to keep advisors and firms on their toes.
Jodie Papike, executive vice president at Cross-Search, an independent broker-dealer advisor and executive placement firm, says it’s a good market for those advisors looking to move.