Thursday, June 5, 2014

Fw: HighTower CEO Slams Wirehouse 'Masqueraders' & 'Mediocre Advisors'

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From: Financial Planning <financial-planning@email.financial-planning.com>
Date: Thu, 5 Jun 2014 15:09:06 -0400 (EDT)
To: <mainandwall@gmail.com>
Subject: HighTower CEO Slams Wirehouse 'Masqueraders' & 'Mediocre Advisors'

 
 
 
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Jun 05, 2014
 
 
 
Top Stories
 
HighTower CEO Slams Wirehouse 'Masqueraders' & 'Mediocre Advisors'
by SAMANTHA ALLEN
 
Elliot Weissbluth tells HighTower conference attendees that he anticipates headwinds for firms that provide both products and advice and sees no future for small, unsophisticated advisors.
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All Clients Crave New Tech
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There's a discrepancy between the technology clients expect and where "typical" advisory firms are, technology expert Joel Bruckenstein told advisors. "You're moving too slowly and you have to be more aggressive."
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Advisor Gets Lifetime Ban, Nearly $1M Fine Over Ad Footnotes
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'It's like rolling through a stop sign and you get the death penalty,' says the lawyer for Florida advisor Max Zavanelli.
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What to Do About Fee Compression
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Financial advisors who want to grow their revenues have two options: go bigger or specialize. Here's how.
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New Power Broker: Q&A With Nicholas Schorsch
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By snapping up a series of independent B-Ds in quick succession. the RCS Capital executive chairman has instantly made himself an industry player. He talks to Financial Planning about his plans.
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Evensky & Katz Merges With Former Protégé
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The merger creates $1.9 billion independent powerhouse in Florida; boosts succession plan for next generation in both firms.
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