In many cases, the economics of the independent model can be exponentially better than those being touted by the wirehouses today.
Does the revelation of fees paid to advisors from Schwab and Fidelity, while disclosed, taint the perception that the RIA model is a fiduciary one and above conflicts?
Ameriprise's wealth management segment had a strong first quarter, amid outflows in its asset management business.
Wells Fargo’s wealth management unit reported record client assets of $1.5 trillion in the first quarter, although advisor count declined by 60.
Metlife sells off Tower Square and Walnut Street Securities to Cetera, in the advisor network's latest move to expand its foothold in the IBD space.
