Some brokers may deserve to be fired, but often aren’t. Here, current branch office managers describe three types of advisors who should be shown the door.
It wasn't that long ago that independent advisors wanted to consolidate assets at a single custodian just for efficiency's sake. But that trend is reversing. Today, more than half (53 percent) of RIAs keep assets at more than one custodian, ac...
“What this also tells you in big, bold colors is that advisory businesses do not scale. If you bring more volume to the pipe, theoretically, your average cost per client should go down. But what we’re seeing here is it going up.”
