While the freedom and flexibility of the independent space is attractive to many, it’s the long-term economic potential that’s the real draw for entrepreneurial-minded advisors.
Plaintiffs SIFMA, the Financial Services Institute and the Insured Retirement Institute argue that the Scottrade case highlights firms’ undue risks of facing fractured, state-by-state enforcement under the DOL rule.
Scottrade and its agents neglected their duty to Massachusetts retirees while focusing on gathering new assets in anticipation of the TD Ameritrade merger.
It’s not conflicts of interest that push clients into high-cost, high-turnover investments, their advisors invest exactly the same way, according to a survey of 4,000 advisors and 500,000 clients.
