By James J. Green
Source: AdvisorOne
It’s one thing for a wirehouse broker to reap the benefits of independence, including bigger payouts at independent BDs or 100% “payouts” if you become an RIA. But in a new whitepaper, securities attorney Patrick Burns warns such brokers not to overlook the obligations they may have under recruitment or retention packages they signed with their old brokerage firms.
Related posts:
- TD Ameritrade Reports 20% Rise In Breakaway Broker Recruiting By Jim McConville Source: Financial Advisor TD Ameritrade Institutional reports that it has attracted a record 260 breakaway dealers in the first three quarters of fiscal 2011, a nearly 20% rise from the same period last year. Breakaway brokers are switching over to independent registered investment advisors because they believe...
- Independence: Are You Looking to Make a Move? Editor’s note: I had the pleasure recently of speaking with Jimmy Lee, Managing Partner of Strategic Wealth Associates, about the topic of independence and what advisors should consider before making the leap. Here is an abbreviated version of our conversation: LeBlanc: What are the top three fears...
- SEC Examinations – What To Do When The SEC Visits This important event will be held on March 30 at 4:15pm EST and presented by Patrick J. Burns, Jr., JD who is the managing attorney with the Law Offices of Patrick J. Burns, Jr., P.C., a securities law firm dedicated to assisting industry members with their legal needs. His presentation...
- Conversion From SEC To State Registration (Geared for those managing under $100 MM) Patrick J. Burns, Jr., JD, managing attorney of Law Offices of Patrick J. Burns, Jr., P.C., a securities law firm dedicated to assisting industry members with their legal needs presented a webinar that focused on on the following crucial areas of a conversion: The challenges of being state registered...
- Thinking About Moving? It is not the first time it has crossed your mind. In fact, every time you ran into the immovable object known as your B/Ds compliance department, you nurtured impure thoughts about being somewhere else. Now for good reason or no reason at all, you consider flying off the perch...
About Curator