 The opportunity for breakaway advisers was exciting six years ago and it's no less exciting and no less of an opportunity today."Michael Parker, National Director, Enterprise Development, HighTower Advisors. |
Career Options for Breakaway Brokers Grow
Corrie Driebusch | Wall Street Journal Online, April 2014
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Summary: Job options for the most successful wealth managers just keep growing.Around six years ago, a wave of small but high-profile firms emerged to target high-producing financial advisers, many of them seeking new alternatives to working at the major Wall Street brokerages such as Morgan Stanley, MS +0.13% Merrill Lynch and UBS. sing a variety of business models, these smaller firms, including HighTower Advisors, Dynasty Financial Partners and United Capital Financial Advisers, tapped into the so-called breakaway movement of brokers who wanted greater independence.
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