As the wealth management landscape evolves, we continue to watch a steady stream of top advisors leave the traditional wirehouse space for independent RIA models. Although independence invariably gives these advisors greater freedom, flexibility and control, we also need to ask the question, “What’s in it for their clients?”
At the heart of the matter is the fact that in the RIA space there is the separation of advice from asset custody and product manufacturing—a benefit to clients since it eliminates conflicts of interest and allows the advisor to act as a true fiduciary.
Consider these 5 other key advantages that translate into an enhanced client experience:
- No platform restrictions: Advisors are not limited to a preset platform provided...
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