While this percentage is in line with historical averages, DeVoe says the breakaway advisor activity was a roller coaster throughout the year, affected by anticipated regulations related to the DOL fiduciary rule and anticipated legal implications related to the broker protocol.
"Seeking to free themselves from their employers' new administrative burdens, breakaway advisors left wirehouses, IBDs and other companies to join less regulatory-laden RIAs, creating a short-term surge in early-year activity," according to DeVoe.
Close to 50% of breakaway advisors surveyed believe that conditions in the brokerage industry should deteriorate significantly in 2018.
When responding to further questions, more than half of breakaway brokers polled express their dissatisfaction with their employers due to several factors, such as corporate culture, leadership, career opportunities and compensation, TD Ameritrade's latest survey finds.
I immediately knew Jay made sure nothing but the best had the CCW Breakaways
name on it.
Fantastic Music-themed Breakaways covering the sounds of all eras, from old time music hall to the big band sound, from rock 'n' roll to country and soul.
Make 'em Laugh Breakaways. Comedy fans will love the great line-up of madcap mirth-makers guaranteed to keep you in fits of laughter.
The impetus for the white paper, said Fidelity IWS President Mike Durbin in an interview, came from talking to clients and prospective clients in the "breakaway
pool," who are "all trying to maximize the after-tax, intergenerational value of their book of business." Durbin says that when those wirehouse brokers start to think about how to accomplish that goal, "they immediately find attractive the notion of being independent, and converting the value [in their book of business] from an income stream from an employer to long-term equity" in their own business.
For the Splott Sports & Social Club-based Breakaways
, who won the CCCL's Section A title, quickly established an eight-pin lead, an advantage they were never to lose.
Voeckler was part of a five-man breakaway
which reached the finish at Chartres with a 12-minute lead over the main bunch, which included Armstrong, five times Tour champion.
then struggled to 51 on their last roll, leaving the Section B-based Hatters needing 45 for victory which they duly achieved without much difficulty.
AVM's level of automation is far more advanced than any other TEM software that we have considered,” said Ric Reifel, CEO of Breakaway
. “Our clients will benefit from more advanced reporting and analysis, and better self-service functionality.