Added on November 2017 in Form an RIA
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Summary: The foundation of the Protocol for Broker Recruiting, and indeed the stated purpose, is to support client freedom of choice, to permit clients to move with their adviser when they change employment.
Added on November 2017 in Form an RIA
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Summary: Two weeks ago, Morgan Stanley kicked over what could be the first domino in a sweeping shift away from broker protocol policies, and the financial services industry is still trying to figure out what it all means..
Added on November 2017 in Form an RIA
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Summary: When Morgan Stanley recently announced it was withdrawing from the Broker Protocol — a system installed 13 years ago to lay out clear rules for advisors who leave one firm for another — the decision came as quite the shock to the financial advisory community.
Added on November 2017 in Form an RIA
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Summary: Wirehouse advisors managing over $12 billion in client assets left the big four to join regional and independent firms, continuing a years-long trend of aggressive recruiting among the nation's smaller brokerages.
Added on November 2017 in Form an RIA
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Summary: These days, advisors must navigate an industry landscape that’s being reshaped by new regulations, demographic shifts and a surge in competition from alternative wealth management strategies. To keep pace with these changes, successful advisors increasingly have turned to tools such as software and other technology to boost efficiency and provide better service to clients. But while technology offers considerable benefits, it also poses a potential threat to advisors and their clients.
