Advisor movement continues to slow, but there’s a bright spot
Despite the broader slowdown in recruiting over the first three months of the year, the RIA and independent broker-dealer channels have continued to bring on experienced advisors at a steady pace.
Advisor recruiting is off to a slow start in 2023. The number of experienced advisors changing firms was down 15.9% through the end of March compared to the same period in 2022, and 16.2% lower than in 2021.
While overall recruiting activity was slower and remains well below the levels seen
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