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Brokerage Firms Adapt to New, Investment Adviser Duty, Reality
According to figures from Cerulli Associates, as of September 30, 2007, brokerage firms have moved $90 billion out of fee-based brokerage. Of that sum, $54 billion has moved to registered investment adviser accounts, while $35 billion has moved to commission-based accounts.
There remains approximately $188 billion to be moved to the one type of account or to the other.
Source: FT.com
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Sponsored by James J. Eccleston, an attorney representing stockbrokers, financial planners and
investors nationwide in arbitration, litigation and regulatory matters, and a shareholder with the law firm
Shaheen, Novoselsky, Staat, Filipowski & Eccleston
P.C.(www.snsfe-law.com). This Web site contains material
of general interest. It is neither intended to, nor constitutes, either legal advice or investment advice.
Always consult an attorney and/or investment advisor when building and protecting your wealth.
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