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Best Firm for Established Clients

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Mar 8, 2009 10:01 pm

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

Mar 9, 2009 12:15 am

Relationships 'R Us? 

Mar 9, 2009 10:30 pm

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

Mar 10, 2009 2:35 am

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 1:51 pm

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 6:42 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.