There's no evidence that indicates the breakaway advisor trend is slowing down. In fact, for advisors looking to leave the wirehouse channel, there are more independent options than ever.  While that's great news, it means that these advisors have their work cut out for them in the way of due diligence.

The first thing to consider is the degree of independence that an advisor is looking for.  Naturally, the most entrepreneurial types will want to go it alone and create their own firm through one of the major custodians - Schwab, Fidelity, Pershing, or TD Ameritrade. These are the advisors with at least $100mm or more in AUM who can't wait to look for real estate, pick out office furnishings, create their website, and hang their shingle.

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