There's been frequent chatter across the industry about the disruptions being caused to firms and advisors by the post-DOL fiduciary era we've entered as an industry.
But over the long run, smart mid-sized firms that move to establish technology systems that align with the needs of retail investors while helping advisors work on a scalable basis despite new administrative and regulatory burdens could become more attractive than ever before to successful advisors across the country.
Wade Wilkinson is CEO of Securities Service Network, an independent broker-dealer and RIA specializing in the creation of operating efficiencies for financial advisors.