[quote=B24] FWIW, aren’t most of the FA’s that were going to leave, already left? And aren’t they now under contract for years? It seems that there can’t be much more churning to go on.

Here’s how I see the future of our business…Large RIA firms becoming the “new wirehouses”. It will take time, but I think the “old school” wirehouse is dead. The first step was when they all went public. The next step was when they all sold out to banks. By the time they all realize how badly they screwed up the model, they will have killed the “mystique” of the “Wall Street Firm”, and unwinding them will be costly, and take years to bring back any semblance of culture that they once had.

I think the wirehouses will always exist, but as the big mulit-million dollar producers retire or move to RIA’s, it is going to be tougher and tougher to recruit new people in the industry. In addition, these big RIA firms will begin to find ways and have the money to recruit young talent. The model is moving away from “stock brokerage firms” to advice-based service firms. It is becoming more like working with CPA or law firms.

JMHO[/quote]



just the opposite.   

madoff, standford et al set indy back a ton.

u independent guys drink your share of your own kool-aid.



If you think you dodged bad press bullet your in denial. Ive had more questions from people about their other accounts etc that are indy.    i deal with joe b. ponzi finaicial planners LLC      is it safe ?





I think the new trend will be anti-universal bank model.



Old school AGE, interstate etc



mer

ubs usa

smith barney

etc

will spin off from banks