RCS Capital filed for prepackaged Chapter 11 bankruptcy for the holding companies of certain broker/dealers over the weekend, bringing Cetera Financial, the firm’s brokerage arm, closer to becoming an independent entity.
A nearby supervisor and some shared office space are old hat. Today’s best offices of supervisory jurisdiction deploy professional business consultants, guerrilla marketing and innovative transition strategies to large pools of independent brokers. The imminent regulatory changes will only add to their appeal.
Variable annuities can offer a number of potential benefits: They can help plan retirement income, generate tax-deferred growth and, with some contracts, protect principal. Yet even advisors, who recognize the benefits of variable annuities acknowledge their drawbacks—particularly their fees and the tax treatment of gains....More
As the industry continues to shift toward fee based business, many advisors are taking a deeper look into their current practice in an effort to align with this trend. The good news is that shifting away from a commission-based model can transform your practice in powerful ways—including increasing the stability of your revenue streams, enhancing client loyalty and potentially boosting the value of your businesses....More