Why Not a Fee-Only Broker/Dealer?

Boone, Norman M.
March 2001
Journal of Financial Planning;Mar2001, Vol. 14 Issue 3, p30
Academic Journal
This article presents strategies for financial planning companies. According to the article, the structure of the financial services industry basically divides itself into two parts. The National Association of Securities Dealers broker/dealer communities offers its representatives certain centralized services, allowing the individual offices to access these services as needed. The fee-only community necessitates each office doing everything on its own. By pooling resources, it would become possible to improve due diligence on various products. It would be possible to develop a broader range of products so that the individual offices could personalize their offer to best meet each client's desires, ranging from individual stocks to turn-key mutual fund or separate account manager programs.


Related Articles

  • Technology Will Enhance Our True Value. Ungar, Alan B.; Sakanashi, Mark T. // Journal of Financial Planning;Mar2001, Vol. 14 Issue 3, p142 

    In 1999 and 2000, Undiscovered Managers released reports predicting a major transformation--and a fight for survival--for the financial advisory business, resulting from fierce competition and technology. The authors of this essay focus on the technological factor, saying the reports were...

  • John Joseph on PROTECTION. Joseph, John // Money Marketing;5/13/2004, p30 

    Emphasizes the need for financial advisers to protect the financial services industry. Concern on the increase of e-mail traffic about easy-to-get rich schemes involving independent financial advisers; Benefits of using the IFAbonus directory inquiries.

  • No Illusion, the Rise of China. Walker, Lewis J. // Journal of Financial Planning;Jan2006, Vol. 19 Issue 1, p32 

    This article deals with the efforts of the Chinese Communist government to promote its economic status. The financial state of the country is important to the identification of the trends in global economics and investments. The reforms in the financial services industry of the nation has...

  • The Perfect Wealth Manager.  // On Wall Street;Sep2005, Vol. 15 Issue 9, p36 

    Emphasizes the move of financial services industry to form a support team in offering wealth management services. Composition of the support team; Financial firms that are venturing into wealth management; Tips in managing high-net-worth clients; Disciplines of wealth management; History of...

  • Platform that we needed to build on. Bowmer, Chris // Money Marketing;2/5/2009, p18 

    The article discusses the advantages of adopting platform solutions to provide professional financial planning service to clients in Great Britain. He cites several wrap solutions which have made available in the past, but the solutions contain certain issues that indicates their complexity and...

  • Delivering advice for all. Wilkinson, John // Money Management;7/20/2006, Vol. 20 Issue 26, p20 

    The article points out that despite the huge promotional budgets of the big players in financial planning in Australia, the independent dealer groups continue to thrive and build customer bases. However, independent groups have to compete with the big groups in attracting financial advisers by...

  • Philanthropy: a new opportunity? Christie, Bruce // Money Management;5/24/2007, Vol. 21 Issue 18, p16 

    The article discusses the benefits gained by financial advisors from giving advice to philanthropists. He expresses that the benefits depend on the level of skills attained and how advisors are providing services to their clients. These benefits include improvement in the quality of service and...

  • The will to win.  // Money Marketing;2/2/2006, p53 

    The article discusses alternatives for financial advisers if they intend to write wills for their clients in Great Britain. First, advisers can pass leads to a local specialist will writer who will contact the client and do the job on their behalf. Second, they could be trained by a company or...

  • The ones that got away. York, Nicola // Money Marketing;2/2/2006, p54 

    The article argues that independent financial advisers are losing out on equity-release business due to their reluctance to join the market in Great Britain. According to two polls, equity release is being held back by a shortage of advisers. This compels customers to purchase direct from...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics