Are you a wirehouse advisor with at least $93 million in assets under management? Then you are the kind of advisor asset management distributors most want to reach.
Despite reduced market share in recent years, wirehouses still account for the most assets in the wealth management industry, a new report from Boston-based research firm Cerulli Associates said. As a result, the wirehouse firms, which include Merrill Lynch, Morgan Stanley, UBS and Wells Fargo, still hold the most opportunity for asset managers looking to close a sale.
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