It wasn't that long ago that independent advisors wanted to consolidate assets at a single custodian just for efficiency's sake. But that trend is reversing. Today, more than half (53 percent) of RIAs keep assets at more than one custodian, according to WealthManagement.com’s 2013 AdvisorBenchmarking RIA Trend Report. It's a growing number - only 48 percent kept assets at multiple custodians in 2011. The top reason for spreading the wealth, cited by six in ten RIAs, was ...
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