[pullquote]before regulators turn you and your book into a sitting duck[/pullquote]As the debate over financial advisor compensation disclosure heats up, some advisors who have “thought” about switching firms are now looking at a move before the disclosure issue is resolved and finalized.
The “if you’re going to do it, do it now” syndrome is growing. This opinion is supported by Carri Degenhardt-Burke of Degenhardt Consulting, in her article “Now May Be The Time To Switch Firms”, as published by OnWallStreet.com.
Viewing the compensation disclosure as an invasion of privacy on financial advisors, she fears the regulation is closer now than ever in the past and urges advisors to make the move now, “before regulators turn you and your book into a sitting duck just waiting to be sued by anybody who may be having a down year.”
It’s an interesting read.