A Cerulli report says that millennials now tripping into the mass affluent category want help.
The association wants to refocus its resources on title protection for financial planners.
The firm said its advisor count rose by more than 780 in the last quarter.
The bank said the two advisors broke their contracts when they let clients know they were leaving.
With the wind from the Fed at its back, the company saw a 10% revenue jump from last year's third quarter.
The firm brings a value investing tilt to F.L.Putnam, which has $5.4 billion in assets under advisement.
The group said it is launching a multiyear campaign to legally protect the title "financial planner."
BofA economists look at the themes investors might pursue in a realigning market (and world).
One-third of active 401(k) participants say their provider is the primary source of planning advice, says Cerulli.
Is this the end of “too much of a good thing” in the RIA space?
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