SIFMA panel says proposed rule could slow recruiting

04/26/2013 |

A Financial Industry Regulatory Authority proposal to force the disclosure of transition packages could slow down financial advisor recruiting but that might not be a bad thing, say panelists at SIFMA's Private Client Conference. "They really shouldn't come just for a check," said Jennifer MacPhee of Merrill Lynch Wealth Management. "I think this will force the people who are moving for the wrong reasons to rethink that."

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