Should Broker Protocol Be Regulated?
Lots of “scuttle” out there regarding Broker Protocol and the changes we’ve seen the past two years (U.S. Trust and their “Garden Leave” has brought the topic back into the limelight). Since the 2004 origin of Broker Protocol, which was used to aid the big firms to...The Leap To Independence
During 2010, brokers and financial advisors have continued to leap into the independent channel at a swift pace. [pullquote]…independent advisors and brokers will make more money in the next year and a half.[/pullquote] Whether it was to set up their own shop,...“Garden Leave Restrictions” Versus “Broker Protocol”
What exactly is the “Garden Policy” and will it hamper recruiting? Traditionally, wealth management firms largely follow a broker protocol, whereby an advisor cultivates a personal relationship with clients and has ownership of their business. A garden leave...Where Can a Rookie FA Get The Best Training Today?
It’s no secret that the advisory workforce throughout the industry is aging, and now that the economy is recovering, firms are acknowledging that they need to bring in new FA’s to counter-balance that. So what are some of them doing?