Not all wholesalers are a good match for all advisors. Many, of course, can offer strong performing products, but not all wholesalers can offer expertise, specific products, and value-added services that are appropriate for every advisors.

Shaw Financial Services, which has $360 million in client assets, has transitioned its custody and broker-dealer operations to LPL Financial. So reports the San Francisco Chronicle.

A survey by the Aite Group has concluded that registered investment advisors and discount brokers are likely to capture additional marketshare from wirehouses during the next four months. So reports InvestmentNews.

Many clients and prospects are focused on vacations, weekend getaways and cookouts during the summer months rather than on financial planning, making it difficult for advisors to prospect new business. Yet, the slow months of summer can be an important time period for advisors to conduct an internal look at their businesses and possibly increase the efficiency of their operations and marketing efforts.