"This would effectively be a reset in earnings," the analyst wrote.
"With a big name like Blackstone, it's easier for a broker-dealer or RIA to get behind that brand," says industry executive.
"No one has ever gone hungry working for Finra," said one compliance executive.
"The impact of these intended changes will be largely offset with the expected gains from the repricing of our investment portfolio," says Morgan Stanley executive.
App is playing an outsized role in advisor communications and it’s not just the hefty fines that have firms worried
"Do these disclosure issues and conflicts at Wells Fargo also exist at peers," one industry executive asked.
"FiNet has made very noticeable increases in support staffing to practices," said one industry source.
"I wanted it to end," said former senior GPB executive on Thursday.
'Schwab makes ton of money on its cash, and more financial advisors means more cash,' one executive says.
'A huge pull is the massive amount of money that private equity firms are offering the owners of these OSJs,' says one industry executive.
