Stuart Paris, Michael Paris
Adviser/team AUM: $1,300,000,000
|Firm leaving||National Planning|
|Firm joining||Commonwealth Financial Network|
Great Neck, NY
|Date||October 16, 2017|
Latest Moves to Commonwealth Financial Network
|Mark Miehe, Matt Cuplin, Brandon Masbruch and Tony Pochowski||December 01, 2017|
|Nicole Francis||November 01, 2017|
|Stuart Paris, Michael Paris||October 16, 2017|
Disclaimer: The moves in this database come from a number of sources: InvestmentNews and other media reports, press releases, and direct submissions that have been reviewed by InvestmentNews. Any corrections, updates or clarifications should be e-mailed directly to the IN staff.
Commission accounts could be preferable for some clients, and advisers could be incentivized to move from employee broker-dealers to independent channels.
Latest news & opinion
But long-term, the agency may get around questions of constitutionality by changing the way it brings on administrative law judges.
Private equity backing could fuel acquisitions by the large RIA.
While advisers face the difficult task of analyzing the law's impact, they will also have a significant opportunity to prove their value by implementing money-saving strategies for clients as well as their own businesses.
The provision is tricky, but could provide advisers and business-owner clients with sizable tax savings.
Measures would obligate financial advisers to tell clients they do not have to act in their best interests.