Despite the turbulent financial world, RIA firms expect to see their revenue growth up approximately 15% from 2009. According to the 2010 Charles Schwab RIA Benchmarking Study, “The RIAs we surveyed—870 of our clients, with more than $300 billion under management—estimated that their revenue will increase by a median of 15% this year, a result of continued client additions and the market rebound, which has done its part to replenish assets under management.”
Wall Street Firms – Will They Follow Wachovia's Lead
September 19, 2008 By Leave a Comment
Will other major wall street firms follow Wachovia’s lead and allow their brokers to become independent financial advisors?
Wachovia’s impressive roster of new recruits from January to May include brokers from major rival firms, particularly from UBS and Smith Barney.
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