The Top Regional and Wirehouse Broker-Dealers

The bottom line keeps growing.

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Comments (1)
Given fee based advisory revenues growing double digits while commission revenue growing in low single digits. Given recruiting is geared to the old commission business model while training is geared to the new advisory business model. Isn't the industry missing the mark by being not leading in advisory services, letting independent advisors being far more effective and less expensive than their wirehouse brothers.

Classic business school case of looking at innovation in the context of ones existing business model when a new business model is in order, as Harvard's Clayton Christensen (Innovators Dilemma)has cautioned all industry's facing industry redefining innovation.

Posted by Stephen W | Tuesday, July 01 2014 at 10:14AM ET
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