PE Confusion
Partners expressed their confusion over the consolidation occuring among TSBs.
Larger brokerages are gobbling up their regional peers, to the point where many partners anticipate the number of distribution partners to drop to only a few dozen.
“Who are the interests of the remaining 30? Whom do they serve? Who’s their master? What butters their bread? By and large, it’s private equity and return on investment,” said Christopher Scott, principal owner of StratoNet.
Partners also discussed the motivations of those joining agent roll-ups.
Check out the commentary from partners.
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