A majority of breakaway brokers have their eyes on LPL and Raymond James, according to a report by Cogent Research, a Massachusetts market research firm.
According to the report, over two in 10 of all advisors and nearly three in 10 working for a national wirehouse are open to the idea of moving to a new firm. Of these potential breakaway advisors, 43% rate LPL as high consideration and 40 percent for Raymond James.
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