|
|
|
|
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
|
Sponsored by James J. Eccleston. 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 adviser when building and protecting your wealth.
All content Copyright © 2010 Advocate Compliance Partners, Inc. except where noted. All rights reserved.
One North Franklin Street, Suite 2620, Chicago, IL 60606
Telephone 312-332-0000 | Fax 312-332-0003
|
|
|
|
|
