The wealth management industry is in a state of flux, wherein consolidation, a historic generational wealth transfer and an aging advisor workforce are redrawing the competitive map. In this environment, clearing and custody structures may sound like mere operational details, but in reality, they have direct implications for advisors, partners and clients.

For independent advisors, the structural decision to align with a self-clearing or non-self-clearing wealth management firm establishes the degree of custodial flexibility.

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