Where will Silicon Valley Bank's wealth advisors land?
Financial Planning
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As wealth management firms eye snapping up advisors and brokers from imploded Silicon Valley Bank, two key questions are emerging. Where will those employees land? And has the sudden implosion of the $209 billion institution created a toxic cloud over their job prospects?
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In recent days, recruiters and advisory firms from coast to coast have put out feelers gauging if employees at SVB Wealth, the bank's $16 billion wealth management unit, want to plant roots elsewhere. Independent Advisor Alliance, a business consulting and support network in Charlotte, North Carolina, for independent wealth managers, made a direct pitch on Thursday.
"#Bank #Advisors?— Are you tired of answering for problems you didn't create? It may be time to go independent," Dana Ryan, the alliance's director of media and public relations,?posted ?on LinkedIn, with an SVB hashtag.
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