You cant compare XPL to HUB and NWL - yes same industry but TOTALLY different businesses. HUB and NWL are a Wrap Account business whiile XPL is an MDA provider. It is more like Mason Stevens and WealthO2.
The demand for MDA is a very niche play compared to the wide use of Wraps. XPL needs to pivot the business to be Wrap focused and leave the MDA in the niche world where it belongs.
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