From Financial Advisor IQ
Added on March 2018 in Join an RIA
0 visitor like this article | Viewed 4932 times | 0 comment
Summary: Most advisors who left brokerage firms to set up their own shop or join an RIA network are happier, enjoying their freedom and reporting higher revenues, according to a survey commissioned by Charles Schwab.
From Financial Planning
Added on March 2018 in Join an RIA
0 visitor like this article | Viewed 5083 times | 0 comment
Summary: It's not only legally dubious for wirehouse brokers planning to go independent to solicit clients for their new firm, it's unnecessary, says Tim Oden of Schwab Advisor Services.
From Financial Advisor IQ
Added on March 2018 in Join an RIA
0 visitor like this article | Viewed 5605 times | 0 comment
Summary: Financial advisors at large wealth management firms don’t necessarily need to come up with a business plan — but they must be prepared to live off their savings and to study the firms that they’re leaving, as well as their place within them, to understand whether they can go independent, Syracuse University professor and venture investor Carl Schramm tells ThinkAdvisor.
From OnWallStreet
Added on March 2018 in Join an RIA
0 visitor like this article | Viewed 5011 times | 0 comment
Summary: The bank disclosed new federal scrutiny regarding possible sales misconduct within Wells Fargo's wealth management unit. The latest in a series of revelations could hobble the firm’s efforts to stem financial advisor attrition and recruit new talent.
From Financial Advisor IQ
Added on March 2018 in Join an RIA
0 visitor like this article | Viewed 5145 times | 0 comment
Summary: How can breakaway FAs be certain they’re not breaking the law when reaching out to former clients? After all, concerns about whether advisors broke their contractual agreements by soliciting old clients to join them at their new firms are at the center of many current disputes between broker-dealer firms and their former FAs.
