Best practices for switching firms and attracting new talent.
Wells Fargo is under siege from every angle and it is easy to understand why. The mountain of corporate missteps, questionable ethics, and outright fraud have resulted in a series of investigations and fines for the once storied wirehouse, the ramifications of which have yet to be fully realized.
Early decisions that are made at the broker-dealer, most often before you are even aware of the termination, can affect you for as long as you remain in the industry.
This article will discuss the importance of the risk and suitability assessment and the need for meaningful discussion with the client in order to construct and update an objective investment strategy that meaningfully takes all of the client’s information and objectives into consideration.
At Stifel, we take a different approach – we want to insure we are a quality cultural fit for you and your clients, then we insure we have the capabilities to meet your needs.
Elements such as firm size, history of the firm, and ownership structure, none of which are easy to change, are cultural elements that can serve as indicators of future strength or how an advisor may be treated when they seek support and assistance.
Exits from the Protocol for Broker Recruiting are a grim portent for entrepreneurs.
More and more small and mid-sized independent broker-dealers are surrendering their costly supervisory and compliance responsibilities and rolling up under independent advisory and brokerage firms as super branches.