The Temptation of Commissions
By Mike PattonWhat's the difference between a commission-based advisor and a fee-only advisor? One is selling an investment product while the other is providing advice. Say what...
July 02, 2010
SEC Cracks Down on Pay-to-PlayRule prohibits an advisor from providing advisory services for compensation for two years.
July 01, 2010
Cultured in More Ways Than OneIn discussing its Advisor Services custody initiative, management at RBC likes to focus on the Canada-upper Midwest corporate cultural fit that eased the acquisition by...
July 01, 2010
The Canadian Connection"When you hear RBC, you don't think Wall Street, so from a perception standpoint, being Canadian helps," says Mike Kavanagh, chief administrative officer and head,...
July 01, 2010
RBC Is Not PershingIf truth be told, when Michael Kavanagh of RBC Advisor Services talks about "RBC's commitment to helping third party RIAs deliver the sophisticated solutions that...
July 01, 2010
Your Next Custodian?When advisors and the companies that partner with advisors think about RBC at all, they might consider it as a largish regional brokerage firm born...
June 30, 2010
Investors Cap Reports Net Profit for Fiscal '10The independent broker-dealer also says that newly recruited advisors have average 12-month trailing sale, or production, of $250,000.
June 30, 2010
Self-interest: The naked truthAs I write this column, a major Wall Street bank has been in the news for allegedly defrauding its clients.