It was a busy year at the firms and, as a result, our seven recruiters are predicting quite of bit of advisor movement in 2012. They lay out their reasons below. Whether the firms are just getting aggressive or retention packages are losing their grip, advisors are watching their own bottom line. There is dissatisfaction within the ranks, our experts say. There is an end to blind loyalty and, of course, the management changes at the various firms may not be viewed with much enthusiasm. After all, change is difficult to take for anyone—especially when it has an effect on your livelihood. So read what our recruiters—Carri Degenhardt-Burke, Mindy Diamond, Jonathan Manela, Danny Sarch, Rich Schwarzkopf, Mickey Wasserman and Bill Willis had to say when we met on November 2nd in Lower Manhattan.

FRANCES McMORRIS/OWS: I want to start off with the new guy in our group [Jonathan Manela]. So how was recruitment in 2011 and what's it going to be like for 2012?

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