A Group of Advisers Bucks the Industry Trend

Our latest analysis of adviser movements has thrown up an interesting difference in the choice of licensees among advisers who are “switching” licensees, versus those “returning” to the industry. One of these groups is strongly biased towards moving to non-institutional (private) licensees, while the other, particularly those advisers with less experience, is more inclined to re-join licensees that are institutionally owned or aligned. Do they know something that other advisers don’t?