Morgan Stanley's Hatch says only about 10% of advisers currently have sufficient expertise in stock selection
Independent B-D LPL Financial LLC and regional brokerage Raymond James Financial Inc. top the list of most-desired destinations for potential breakaway advisers.
The outlook for the LTCI business is not good. The reason? Partly, the unexpectedly large tabs being rung up by existing policyholders.
Company expanding its administrative services to yet another custodian's network
The need - and the case - for developing and introducing new talent into the financial advice business has been well-documented: The total number of practicing FAs has been steadily decreasing for years, at a time when more individual investors are in need of advice. Practicing FAs, of course, are also getting older each year, creating a greater need for internal successors in many cases.
Enticing individual investors to trade on their own is a dangerous game, especially in this complex and convoluted marketplace.
More brokers picking stocks for clients -- but are they up to speed?
Advisers not thrilled by short deadline on variable annuity pullback
