The mindset is likely to make it hard for broker-dealers to compete with fee-based advisors.
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Brokers Need to Rethink Their Views on Providing Advice
- Saturday, Mar 16 2019
- News Roundup
- Written by PFA News
Last year was the first year in which revenues from fees for the top 50 independent broker-dealers exceeded revenues from commissions, but many firms still view advice as a liability rather than a value-added service. So reports Financial Planning.