Nearly a trillion dollars of client assets will change hands

An estimated $800bn of client assets will be transferred this year as advisers and wealth managers change jobs, with independent advisers being the main beneficiaries of the flux, according to a new report.

Adviser migration will have a radical impact on the industry, with the large global wealth managers expected to suffer the most, while independents will benefit with an inflow of advisers.

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Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a BillionaireExternal link

Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire