IBDs used to keep their hands off clients. Not anymore
Giant financial services companies are starting 2023 with more moves to control and own the assets of financial advisors, rather than servicing them for a modest fee.
The independent broker-dealer business model continues to be stood on its head, with giant financial services companies, think LPL Financial and Cetera Financial Group, starting 2023 with more moves toward controlling and owning the assets of financial advisors, rather than servicing them for a mode
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