If you’re sitting at an insurance-owned independent broker/dealer, you may want to reconsider. MetLife’s recent move to sell IBDs Walnut Street Securities and Tower Square Securities to Cetera, announced Friday, is just the latest sign that insurance firms are not in the independent broker/dealer business for the long haul. “The pattern gets increasingly clear that the insurance companies don’t want to have broker/dealers anymore,” said Jonathan Henschen, ...

WealthManagement.com Freemium Content

"Printer-friendly" is FREE to access as a registered user on WealthManagement.com.

Why Register for WealthManagement.com? It's simple and free, and here is what you get:

  • Reuters' dedicated Wealth Management news coverage, every single day.
  • Interactive rankings of brokers and independent advisors.
  • Access to our lively users’ forums to get inside info from fellow advisors.
  • Insights from our proprietary research on topics like social media and practice management.
  • Unlimited access to the Value My Practice profile tool.

Already registered? here.