After last year's market slump, clients need more attention than ever, but not all clients are worth it. Today, many advisors are reevaluating their books of business and letting go of “C” clients for the first time.
It’s safe to say that yesterday's market surge after Fed Chairman Ben Bernanke's reassuring and uplifting prediction of an end to the recession by year-end and a recovery in 2010 is not the start of a bull market. Hardly, in fact.
But not the bad kind. Now that the wirehouse model is kaput, working for a bank has new appeal. The bank brokerage space has come a long way from its free toaster days.
