“No one is running this story,” said Shirl Penney, president and CEO of Dynasty Financial Partners. He said revenues and assets are growing faster at independents than at wirehouses.
About half of those questioned said the two most important pieces of advice they had for those thinking of going independent were, “just do it; don’t wait too long. Do detailed preparation.”
The study was conducted in some three weeks earlier this year. Some 700 Schwab clients were surveyed.