Cary Street hires ex-CEO of regional bank wealth advisor in Virginia's Tri-Cities area
![Bob Ellis](/_next/image?url=https%3A%2F%2Fwww.gravatar.com%2Favatar.php%3Fgravatar_id%3Dc37b75cbf27d1b454353d9a62b8faa3b%26default%3Dhttps%253A%252F%252Fucarecdn.com%252F0b5addcb-6e7e-48f1-9e88-2279491e69b9%252Fiphonelogo.png%26size%3D50&w=1200&q=75)
Bob Ellis
I am very interested in what the advisors told their clients in terms of benefits to the client once they decided it was permissable to communicate. I am also interested about how many clients contacted the Ameriprise guy while the firm was calling and he couldn’t call.
I am also surprised at the high client retention numbers reported which are much higher than those reported elsewhere. Prior to 2008, somewhere on the order of 85% of clients went with wirehouse reps and 70% went with bank reps going independent. My contacts tell me these numbers are lower since 2008 and the industry’s “musical chairs.”