Rush of financial advisors to no-tax Florida spotlights hunt for wealthy clients and work-life balance amid COVID-19 pandemic financial-planning.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financial-planning.com Daily Mail and Mail on Sunday newspapers.
Why advisers are sacrificing momentum to change firms or models
It seems counterintuitive that an adviser or team who may be riding the wave of their best year ever would change jerseys or break for independence. Yet it’s happening in record numbers.
June 1, 2021 4 MINS
Many advisers are coming off their best year ever, spurred by increased client demands during the pandemic and a run-up in the financial markets. Yet, despite the growth and upward momentum they are experiencing, adviser movement is trending toward record levels, with many high-profile teams exiting their firms for new opportunities.
The fact is, regardless of where an adviser practices, there is no perfection. And even in a time when things seem “better than good,” there are plenty of advisers who are unhappy with changes at their firms or recognize what it means when some of their most respected peers choose to depart. That is, there may be a “better way.”