“If nothing else, this shows that predictions of an exodus of advisors from Cetera that rival broker-dealers and recruiters have been trying to talk up isn’t going to happen,” said Jeff Nash, President of Nash Consulting Group, a strategic consultancy to independent financial advisors, in a released statement. “Firms and recruiters that have been predicting an advisor exodus from Cetera are not only ridiculously off the mark, but they’re ignoring the facts and the advisors they serve. It’s going to be tougher to say for sure what happens with Cetera’s more recently acquired firms, but Cetera’s core network has always enjoyed a very loyal advisor following.“

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