Fiduciary Duty Main Reason Clients Choose to Work with RIAs: Survey (BenefitsPro.com)
By Staff WriterFiduciary duty is the No. 1 reason clients choose to work with independent registered investment advisors, according to a recent advisor sentiment survey released by TD Ameritrade Institutional.
October 17, 2011
TD Ameritrade Study: Fiduciary Duty Tops Reasons Clients Choose an RIAThe top reason investors choose to work with an independent registered investment advisor is that RIAs are required, as fiduciaries, to offer advice that is in the best interest of clients, according to the study.
October 14, 2011
Citibank Cuts 80 Wealth Investment ConsultantsCitibank announced Friday that as part of a 'strategic decision' by Citibank and Citigold Wealth Management leadership, the Citi Personal Wealth Management Investment Consultant role 'will be discontinued.'
October 11, 2011
Edelman Financial to Exit Independent Rep BusinessOne of the biggest wealth management firms in the country, Edelman Financial, announced Tuesday that it planned to stop serving independent reps by year-end so that it could focus on its core business of serving high-net-worth clients.
October 06, 2011
Raymond James Team Moves to RIA Model, PershingFinancial Strategy Network, a Chicago-based financial planning firm with $550 million in assets, said Thursday that it had become an RIA firm custodying its assets with Pershing Advisor Solutions and was no longer affiliated with Raymond James Financial Services.
October 03, 2011
As NASAA’s New President, My Top Priorities: SRO and ‘The Switch’It looks like Rep. Bachus draft SRO bill would nationalize the regulation of small- and mid-sized advisors. NASAA believes this would be a costly mistake that will not benefit Main Street investors.
October 03, 2011
Focus Financial Signs 5th Deal of Year With Investment in Nationwide RIA HuffordHufford Financial, which has clients in all 50 states and focuses on dentists, has become the 22nd Focus partner firm.
October 01, 2011
The Mixed State of the Advisor MarketRecent snapshots of the advisory industrys mergers and acquisition activity, along with new data on the growth and decline in advisory channels, show that as wirehouse advisors are slowly shrinking, the business model of choice has become being dually registered advisors.