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How an eclectic trio of RIA custodians are willfully gaining ground with snail-like precision -- Part 2 of 3

Lazarus-like RBC has another new leader, as does Trust Company of America and Shareholders Service Group, which is selling itself as a Pershing reseller of high security, but with more agile service

Author Lisa Shidler June 15, 2016 at 8:08 PM
Admin:
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Joshua Pace: Some advisors have grown so frustrated that they make a change to go to independent custodians. We don't compete on any level with advisors.

Don Johnson

Don Johnson

June 16, 2016 — 4:55 PM

Annuities are reviled for a reason, because they pad brokers pockets more often than providing growth to investors. Of course advisors love them, they make them rich! There is the business of making money and there is the responsibility to do the right thing. I think Trust Company dropped the ball by going into annuities.


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Mentioned in this article:

E*TRADE Advisor Services
Asset Custodian
Top Executive: Joshua Pace

RBC Advisor Services
Specialized Breakaway Service
Top Executive: Brett Thorne

Riskalyze
Tech: Other
Top Executive: Aaron Klein

Shareholders Service Group
Asset Custodian
Top Executive: Peter Mangan



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