Advisor Business
Securities America "Loyalty Oath" May Indicate Sale Is Near
Apparently it was a front-line rep who suggested that Securities America ask its 1,800 advisors to sign a letter of loyalty and confidence while the firm's owners lock down a buyer.
Golden Handcuffs Weakening For 80% Of Wirehouse Advisors
People have been talking for awhile now about how the impact of big retention bonuses is fading out. Now there's some data quantifying the effect on the entire industry.
Clarity On Schwab's In-House RIA Program?
Although Charles Schwab executives maintain that the firm's new RIA franchising model won't compete directly with existing affiliates, it's hard to see exactly how that's going to happen.
Investors Prefer Commissions to Fees, Cerulli Says
Most of the investors who have a preference prefer to pay their advisor via commissions instead of fees, industry research firm Cerulli Associates has learned.
Schwab Formally Launches RIA Franchise Network
It looks like Schwab was serious about opening that chain of "independent" advisor franchises by summer, although questions remain about whether these offices will compete with existing RIAs.
