September 24, 2018

Time’s up for those advice businesses relying on a “limited MDA” structure, and if they don’t find a new way to dynamically manage their clients’ money, many are going to have to go back to the old advice world of ROAs for every investment decision. It’s costly and time-consuming – but at the same time, it opens up a conversation about how the entire advice business model needs to change, to benefit both advisers and clients.