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Most advisors want independence, but few make the jump

hort-term financial goals keep many advisors in their traditional channels, according to recruiter Mindy Diamond.

By Staff Writer | Updated on April 10, 2012

A survey of some 2,500 traditional employee advisors found that more than 70 percent are considering a move to independence, Diamond Consultants, a recruiting and consulting firm, said Tuesday. Still, experts say, just 10 percent at most will actually make the move.

“Financial advisors are becoming increasingly attuned to the growing number of high-quality independent practice models,” explained Diamond Consultants president and CEO Mindy Diamond, in an interview with AdvisorOne.

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