There seems to be a weekly news article about a different Broker/Dealer going through a crisis situation that could have broad implications on their advisors. Whether it is being sold, having large compliance fines or capital restructuring, these events can have far-reaching implications that can affect their advisors and more importantly the way they do business.
These events don’t always mean the ship is sinking and you need to find a new B/D. However, you owe it to yourself and your clients to understand what is really going on and what may be the implications and long term changes as a result of this event.
This article walks you through the steps you should take.
Reposted from WealthManagement.com READ THE ENTIRE ARTICLE HERE