Close Close

Portfolio > Alternative Investments

Firms reach out to hybrid advisors

Your article was successfully shared with the contacts you provided.

As the number of dually registered advisors climbs, firms are reaching out for talented advisors and their clients’ assets, according to Kristen McNamera on Firms like Charles Schwab and LPL Financial are opening access to resources like research and support services. Other firms, like Fidelity Investments, are creating programs specifically designed for dually registered, or hybrid, advisors.

McNamera quotes Jim Crowley, managing director at Bank of New York Mellon Corp.’s Pershing: “You need to have a very competitive platform that will allow hybrid advisors to support their clients in the fashion they want to be supported,” he says.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.