I don't think the client understands what the meaning of fiduciary is,” but they are showing signs of wanting more independent thinking from their advisers."
Mark Pennington, a partner at asset manager firm Lord Abbett & Co. |
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Summary: The dust from the regulatory shakeout after the financial crisis is still settling, but today, firms that sell products and services to advisers need more than ever to demonstrate value by helping them navigate their evolution to fee-based services.
I don't think the client understands what the meaning of fiduciary is,” but they are showing signs of wanting more independent thinking from their advisers."
Mark Pennington, a partner at asset manager firm Lord Abbett & Co. |
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