Janice Kirkel

There you have it...that's the future.  Smart, well capitalized and branded firms pivot- one dimensional platforms expecting mana from heaven are stuck  Maybe that is why they are so slow growing

Advisors are increasingly finding themselves at odds with their w-2 employers who oppose fiduciary duty and professional standing of those who render advice. Evolving data standards inevitably streamline cost and change our conception of products, technology and advice. Modernity in the client's best interest will prevail sooner than we all think. SCW

So you didn't do your fiduciary duty by choosing the best custodian for your clients... you did what Well Fargo wouldn't sue you for? Hope you mention that to your clients.

Big Bopper,

Custodians do not support fiduciary duty for fear they would be deemed being prescriptive thus triggering fiduciary liability. So, it is not a matter of choosing the "best custodian", it is a matter of choosing the "best RIA" around which to build your business. SCW

Big Booper or Blooper- You are entering into a whole new world.

Wells Fargo $1.7 billion 'Profit-Formula' group executes breakaway with help and of ... Wells Fargo

Wells Fargo

Diamond Consultants

Leitner Sarch Consultants

Mary Mack

Chris Cooke

Brian Cooke

Noyes

David Kowach

Mark Damer

L.H. Bayley

Howard Diamond

Danny Sarch

<p>There are about $5 trillion of assets parked in traditional stock brokerage firms, but they're not likely to stay there. Every month, clients move some of their money to independent firms with fewer conflicts of interest. Brokers who want more control are moving their books of business, too.</p>
<p>In these Breakaway Stories, you'll find instructive, encouraging and sometimes funny stories about these breakaway brokers and their clients. The information in the stories is accurate as of the date of publication. We hope these tales are useful for breakaway prospects and for people interested in luring wirehouse talent to their firms.</p>

Breakaway Stories

Cooke Financial Group of Indianapolis left the wirehouse in a broad daylight, front door exit with some diligent help of from their bosses

Wells Fargo $1.7 billion 'Profit-Formula' group executes breakaway with help and of ... Wells Fargo

FAA

Stephen Winks

Big Bopper

Stephen Winks

FAA

Related Moves

July 16, 2022 at 1:35 AM

October 1, 2019 at 1:06 AM

RIABiz Directory

White Paper Postings

Special Sections

Common Tags

Recent Articles

Popular Writers

RIABiz

Directory

Archives

Connect