[quote=Greenbacks]

So how are the wirehouse reps approaching your clients?

Are you taking them out or moving them into your firms RIA?

[/quote]

From what I've seen people are going from fee in lieu of commission accounts into either SMAs (internal or external) or nondiscretionary advisory (NDA) accounts.  Business that can’t be done in the NDA, like new issues, UITs and funds, will be done in satellite accounts linked to the NDAs. Just a PITA paperwork drill, nothing traumatic. <?:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />