The Wall Street Journal is reporting that financial advisors are turning back time and returning to the old ways of their business. As a result of economic downturn most client assets have diminished by 20%-50%, which produces a similar drop in the earnings of those advisors that are fee-based. Brokers are now moving their clients…
According to today’s Wall Street Journal in an article entitled Brokers Abandon Wall Street, the number of brokers leaving brokerage firms is on the rise due to slumping markets and shrinking fees. In April alone, 2,800 brokers left the securities industry. At this pace, 35,000 brokers will exit the industry by year end. That would be record by…
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