Colleen Bell
First Vice President, Fiduciary Services
Member, Senior Council
Cambridge Investment Research, Inc.
The Momentum Of Fee-Based Accounts In A Changing Advice Industry
At Cambridge, we believe in the continued momentum behind fee-based accounts and the fees model, especially when considered with the changing regulatory climate and demands for investing clients. Fees has long been an area of distinct specialization for Cambridge. We remain committed to supporting the success of independent advisors and their investing clients, and are focused on leveraging technology advancement and product evolution to embrace change and identify opportunities merging in the marketplace.
Many Factors Contribute To The Momentum Behind Fee-Based Accounts, Including:
• Can be mutually beneficial to both advisors and their clients
• Creates trust and nurtures deep and lasting relationships
• Enables the possibility for more dynamic client portfolios
• Increases business viability and value for continuity and succession planning
Interested In Building Fee-Based Accounts? Consider Taking These Steps:
1. Be informed and educated on the new definition of fiduciary duty
2. Choose whether to be a Registered Investment Adviser (RIA) or use a corporate RIA
3. Choose whether to be a money manager or utilize a third party expert
4. Determine a fee schedule
5. Create a business plan for fee-based services
6. Establish a client communication process
7. Expand fee-based client services
8. Choose the right partner
Regardless of where regulation and regulatory scrutiny goes, at Cambridge we believe in the continued momentum behind the fee model.
CAMBRIDGE INVESTMENT GROUP, INC. is a privately-controlled firm with a national reach across the financial services industry consisting of multiple broker-dealers and RIAs, including: Cambridge Investment Research Advisors, Inc. — a large corporate RIA; and Continuity Partners Group, LLC — a special purpose broker-dealer and investment advisor; and Cambridge Investment Research, Inc. — an independent broker-dealer, member FINRA/SIPC, that is among the largest privately-controlled independent broker-dealers in the country supporting approximately 3,000 independent financial professionals nationwide who serve their clients as registered representatives and investment advisor representatives, choosing to use either Cambridge’s firm Registered Investment Adviser or their own. Learn more: www.joincambridge.com.