Now that the DOL’s rule is public, I expect to see an increase in recruiting volume. The first quarter saw record inquiries but had fewer advisors moving than previous years. Everyone was waiting to see what the DOL would do and how it may impact their B/D or prospective B/Ds. Since the rule has very little impact for most advisors, I expect recruiting to not just pick up, but it could be a record year. For advisors that are looking around at different B/Ds, make sure you are working with a Consultant that can help select the best choice. While the DOL had little impact on advisors, it still will have an impact on many B/Ds and their future.
Reposted from Finacial Advisor Magazine READ THE ENTIRE ARTICLE HERE