What are Advisor Group’s plans? Some see consolidation as inevitable

Toby Salinger quotes SEIA CEO Brian Holmes in his article: What are Advisor Group’s plans? Some see consolidation as inevitable in Financial Planning.

“Others expressed support for the idea of consolidation and rebranding. Apple’s iPhones, Subway sandwich franchises and Pepsi each represent companies that adopted new monikers, according to Brian Holmes, the CEO of Los Angeles-based Signature Estate and Investment Advisors. Holmes’ firm, which has 160 advisors and employees and $16 billion in client assets, received an investment from Advisor Group and Reverence last year.”

Some advisors may not realize how big Advisor Group has become and how that could be an advantage in a time when certain broker-dealers could be ripe for purchase amid the crisis in the banking sector, Holmes said in an email. Read the full article here!

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