Fee-based brokerage accounts
Hi, I'm the senior editor at Registered Rep., and I'd like to know what affect the disappearance of the "Merrill Rule" has had on brokers/advisors.
Also, if anyone can shed some light on what the firms have had to go through in order to transition these accounts that would be great. Anyone have to move a substantial number of accounts, assets? How did it go--any embarrasing/akward conversations with clients about why they had to be switched?
Where did the $300 billion that was in these accounts go? If you now have clients in "advisory" accounts, how has your relationship changed? Higher fee, giant disclosure document? Are you now a fiduciary, or is the firm taking on this role? Lastly, what good has this--the disappearance of fee-based brokerage accounts--done for investors/advisors/firms? Thanks for your time.
I just want to say that of the several industry-related publications I receive each month, I find myself reading, and enjoying, Registered Rep the most.
I just want to say that of the several industry-related publications I receive each month, I find myself reading, and enjoying, Registered Rep the most.[/quote] What a suck up! I am only joking around with you.. MIss J
What is going on here? Is Reg Rep giving away free toasters or something to the first 10 suck-ups?