Controversial decision to demolish commissions is a reminder of Merrill’s bold heritage, but the message sent to brokers and the industry could come back to bite the “mother” of us all.
Enhanced loyalty awards, a new management structure and cooler recruiting outlook hit on all the selling points of indie firms.
Part of the reputational damage is being done by high-commission products.
When I got into the business, all I was told by peers and managers was “grow, grow, grow. More, more, more.”
Cetera Financial Group’s parental nightmare is coming to an end with the prepackaged Chapter 11 bankruptcy filing of RCS Capital…
I’m most often asked by reporters and Advisors about what it takes to create a successful RIA. Sometimes the question…