Advisor Business
SRO Fight Heats Up And May Be Turning As The Threat Of Job Losses Catches Congress's Ears
As the fight against the adoption of the Bachus-McCarthy bill heats up, powerhouse RIAs are pushing toward a possible tipping point. The bill would force SRO membership on independent advisors. This would increase the burden on small RIAs to the point of possibly putting them out of business. This is the argument brought by TD Ameritrade Institutional.
Small Advisory Teams Are Like Money Flows; They're Migrating To Where They Will Be Treated The Best
The trend for going independent is increasing as one of the mainstays of the industry is walking out the wirehouse door: the small producer. As wirehouses increasingly support large producers, smaller teams are feeling unloved and unwanted. And as money flows to wherever it is best treated, small advisory teams are following suit.
Leaked Post: Lies Spread On NAPFA’s Private Discussion Board Show How Low Even A Fiduciary Can Go
A post two days ago by a NAPFA member manipulating my words is sad. The author of the post selectively clipped a paragraph from a blog post I wrote three years ago announcing that Advisor Products was adding a “link exchange” feature — a way for advisors to allow an allied firm to request a link on an advisor’s website. But the author in his post conveniently leaves out my warning about how a link exchange might violate Google’s search terms. He also failed to cite a post where I explicitly warn advisors not to use the feature to link to other advisors.
If You Don't Know The Tipping Point For Client Service Within Your Own Practice, It Can Sabotage Your Ability To Reach Your Goals
You’ve heard at various points in your career that you should learn to fire clients who become a drain on your business, taking inordinate amounts of your time. These clients may seem to be the biggest contributors to your bottom line. But if they are distracting you from adequately serving your other clients or otherwise putting a strain on your business, their contribution may be rightly viewed as a threat to your existence.
Wells Fargo Sees Significant Growth In Its Independent Channel And Shifts Leadership To Further Fuel It
In yet another testament to the industry shift toward independence, Wells Fargo announced an internal move by Kent Christian from the firm’s Financial Services Group to its Financial Advisors Network, the group that offers broker-dealer services to independent advisors.
The firm cites the independent channel as one of its fastest growing business units. The firm emphasized its commitment to more flexible offerings for both advisors and clients as it shifts more support for entrepreneurial advisors.
More Articles ...
- Could The Shift In Broker Compensation Levels Indicate A Tipping Point Toward Independence?
- Families Of Military Officers Not Working With Advisors More Prone To Mental Or Physical Health Problems, Says Survey
- Advisors' Main Concerns Have To Do With Growing Their Businesses In A New And More Challenging Marketplace
- Client Demand And Peers Provide Encouragement For Brokers Wishing To Go Independent
