Summary: The RIA business will likely face two Department of Labor rule-related expenses that will have them applying crowbars to their tightly folded wallets, according to speakers at the ECHELON Partners Deals & Deal Makers Summit, hosted this week in New York by its founder, Dan Seivert.
 The trend we are seeing now is more of a ‘pull’ approach as wirehouse advisors are starting to see the many benefits of independent RIAs and they are starting to understand, despite the brainwashing, that they will make more money over the long-term via creating enterprise value as compared to a short-term view via a cash bonus.”Matt Sonnen, Founder, PFI Advisors
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