As a member firm with a Broker/Dealer, advisors are reliant on internal channels for day-to-day practice management. Vertical communication to compliance, management, and finance departments needs to be seamless, with timely responses and prompt actions when necessary.
Lateral communication to other member firms should be encouraged and even facilitated by the Broker/Dealer to help you build a strong peer-to-peer network. Some Broker/Dealers we are aware of this and do this extremely well. Others fall short. We’re happy to share our insights with you.