RIABiz

News, Vision & Voice for the Advisory Community

RIABiz

Timing of Morgan Stanley's Broker Protocol withdrawal sends shocks through RIA legal and recruiting circles

Hundreds of planned and in-process breakaways are reassessed after keeper of the list, Bressler, Amery, & Ross, sat on the change for a week but a silver lining is already emerging

Author Brooke Southall October 31, 2017 at 3:08 AM
3 Comments
no description available
Shirl Penney: People really get angry.

Breakaway Stories


Jeff Spears

Jeff Spears

October 31, 2017 — 6:59 PM
It was too good to be true and all RIAs should be grateful it lasted as long as it did. Back to the TRO and Wedding Announcement game. It worked before and it will work again.
Stephen Winks

Stephen Winks

November 1, 2017 — 3:49 PM
Phil Schafer is truly an extraordinary advisor who lead the way in advisory services and continues to do so. He is now free to go where ever professional standing in advisory services will take him, beyond the constraints of a brokerage format.. There are thousands who will follow even without the recruitment protocol. Professional standing in advisory services, not possible as long as the brokerage /insurance lobby opposes fiduciary duty, will compel the very best advisors to work as RIAs rather than brokers. The brokerage industry will suffer from the loss of the most skilled and accomplished advisors who could have had a massive impact on the industry as awhole. SCW
Blinkler

Blinkler

November 2, 2017 — 4:12 PM
Ahh. I'm not surprised. IT's all about shareholders. That's where their fiduciary obligation lies folks.

Related Moves

March 9, 2023 at 1:23 AM

As Bob Oros-led HighTower reboots, it bags an ex-Goldman RIA, hires two, makes a CMO imminent, and clarifies mission

The new CEO will need to somehow weave together the debris of the first roll-up run and the new one to the satisfaction of RIAs and the hundreds of people already inside the HighTower umbrella

March 20, 2019 at 11:32 PM


Mentioned in this article:

MarketCounsel | HamburgerLaw
Compliance Expert, RIA Set-up Firm, Regulatory Consultant
Top Executive: Brian Hamburger

Hamburger Law Firm
Legal Services for RIAs
Top Executive: Brian Hamburger

Diamond Consultants
Recruiter
Top Executive: Mindy Diamond



RIABiz Directory

The Industry Sourcebook for RIAs

   |    LISTING


RIABiz Directory sponsored by:

Directory Sponsor Logo

White Paper Postings


Common Tags


Recent Articles


Popular Writers


RIABiz logo

RIABiz

About Us

Directory

Archives

Connect

RIABiz, Mill Valley, California
Copyright © 2009-2024 RIABiz Inc. All rights reserved.