A new Cerulli report says that firms adding compliance and monitoring capabilities to their rep-as-portfolio-manager platforms are making the unpleasant discovery that a significant number of advisors "do a poor job of steering client assets."

As a result, according to The Cerulli Edge—U.S. Edition, August 2017 issue, most executives foresee an increase in home-office discretion as underperforming advisors are identified and convinced to use portfolios created by the headquarters consulting group.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.