Independent broker-dealers may have to reclassify independent FA’s as “employees” if the “Taxpayer Responsibility, Accountability and Consistency Act of 2009” is passed by Congress. Not only would this affect the livelihood of over 178, 000 registered reps, but it could lead to high costs including back taxes, penalties and interest for the independent broker-dealers. For [...]
Financial Advisors: Bring Comprehensive Service Packages
April 20, 2009 By 1 Comment
Out and about around the block in the financial world today, I can absolutely say that those financial advisors who are looking for the competitive edge will need to bring to the bargaining table the ability to serve the growing and changing needs of older, retiring clients as well as those who are still in [...]
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