Industry

Advisor headcount at Oppenheimer & Co has fallen to 1,233, down by 91 advisors from the prior year. Image: Fotolia
Amid Falling Profits, Advisors Bolt from Oppenheimer
The brokerage firm, which has been hit with millions in regulatory fines in recent years, lost another 91 FAs.

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Michael Kitces, who helped launch XY Planning Network, says he wouldn't be surprised if the market evolved to include hundreds of similar groups of young planners serving young clients. "We have 200 advisors and there are 80 million millennials."

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Michael Kitces, who helped launch XY Planning Network, says he wouldn't be surprised if the market evolved to include hundreds of similar groups of young planners serving young clients. "We have 200 advisors and there are 80 million millennials."

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