From Financial Planning
Added on January 2018 in Join an RIA
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Summary: Denholm was concerned about what he saw as overemphasis on cross selling, and he wanted to have better technology when servicing clients. So last June, the former Wells Fargo advisor, who oversaw about $200 million in client assets, left to form his own RIA, IronBridge Private Wealth, in Austin, Texas.
From InvestmentNews
Added on January 2018 in Join an RIA
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Summary: Morgan Stanley lost 47 brokers in the fourth quarter, the same quarter it clamped down on advisers leaving by backing out of the protocol for broker recruiting.
From WealthManagement.com
Added on January 2018 in Join an RIA
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Summary: In a world where ensuring asset growth and gaining scale is important to every firm, you are on the radar of every recruiter and manager in your market.
From InvestmentNews
Added on January 2018 in Join an RIA
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Summary: Citigroup recently announced that it will be following Morgan Stanley and UBS' lead in exiting the broker protocol. While it's not a big player in the recruiting wars among wirehouse firms, this move signifies a further trend toward the potential demise of the protocol, and has reignited speculation as to what effect it will have on adviser movement in 2018 and beyond.
From Financial Advisor IQ
Added on January 2018 in Join an RIA
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Summary: It’s almost comical. One hundred percent of former wirehouse or regional-brokerage advisors in the independent RIA channel are happier for having made the move. That’s according to a blind survey of 450 FAs by Dynasty Financial Partners — a sponsor that, as an infrastructure provider to breakaway RIAs, has to be pleased with the result.
