Best Firm for Established Clients

or Register to post new content in the forum

 

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Mar 8, 2009 6:01 pm

Which firm do you believe is the best for an Advisor with establsihed relationships, however, not within the financial industry?

Mar 8, 2009 8:15 pm

Relationships 'R Us? 

Mar 9, 2009 6:30 pm

U mean ur a legacy member of the North Hamption Country Club because your wife's daddy was Chairman of A&P?

Mar 9, 2009 10:35 pm

I'd go with one of the big 3, you'll have little to no resistence opening accounts at either BAC, MSSB or WFC.

Mar 10, 2009 9:51 am

Wow, that's really sad.  The big three are Bank of America, Morgan Stanley/Smith Barney, and Wells Fargo. 

 
I can't imagine you're going to have "little to no resistance opening accounts" at one of those firms.  Especially in light of the last 6 months. 
 
My suggestion, go indy.  Find an indy rep in your area that would let you set up shop with them.  Rather than try to move your existing clients into a company who's probably got a black eye, just tell them you're hanging out your own shingle.  I would think in this environment, you'd have a lot less resistance in indyworld than you would at one of the beaten up big three. 
Mar 10, 2009 2:42 pm

I can't believe I missed it.  It must be my euphoria over the market being up so much today.  I guess the bear market is over.