Recruiting takes a hit in 2022, with moves down 5.3% from 2021
On net, the RIA channel gained 1,097 advisors and independent broker-dealers gained 923, while 1,291 advisors on net left wirehouses.
A year of economic headwinds slowed recruitment in the advice industry in 2022 but did little to deter advisors from moving toward independence.
Total moves of advisors between firms fell 5.3% from 2021, according to an analysis of our Advisors on the Move database. More significantly, the 15,361
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