This Boston financial services company has never charged financial advisors who participate in its Wealth Advisor Solutions referral program.
Through its program Fidelity refers high-net worth clients who have at least $1 million in investable assets to fewer than 125 registered advisors. (Rivals Charles Schwab Corp. and TD Ameritrade Holding Corp. do charge an advisor fee.)
Beginning in 2010, Fidelity Investments intends to begin charging financial advisors a fee based on its referrals from its discount brokerage program. Spokesman Steven Austin for Fidelity told reporter Daisy Maxey of the Wall Street Journal that conversations with advisors regarding the fee structure are under way and he described the feedback as “very positive so far.”
Their financial advisor referral program has been successful and those advisors in the program are unlikely to balk at the fee…hey, for that kind of referral, why would you?!
July 6th, 2009 - 6:50 am
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November 9th, 2009 - 4:33 pm
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December 7th, 2009 - 10:23 am
I agree.
For these kind of referral everyone will fist fight in order to get more referrals!