Does size really matter when it comes to the banks that financial advisors work with? More specifically, do large banks actually help advisors grow at a faster rate? Do they offer better technology? Will you get more support at a small bank? Do they really have a warmer and more welcoming environment? And what about the medium-size banks, do they encompass the best qualities of the institutions at either end of the spectrum?
While the easy answer may be that size does not matter, its really a more nuanced issue. Take for example the experience of an advisor I knowIll call him Randywho worked for small, medium and large banks.
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