I think the trend for advisers will be to look for more and more ways to serve the smaller client in an online fashion."
Nick Georgis, vice president of Schwab Advisor Services. |
Summary: Some financial advisers have found a way to work less, keep their best clients and even pocket a little change. These advisers, many close to retirement, are selling their smaller client relationships to another adviser or firm. Though it can be an emotionally difficult process, some think it's a great solution to help aging advisers, struggling junior advisers and even investors with lower account sizes.
I think the trend for advisers will be to look for more and more ways to serve the smaller client in an online fashion."
Nick Georgis, vice president of Schwab Advisor Services. |
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