OSJ overhaul: What advisors need

08/22/2013 | Financial-Planning.com

Super OSJs, or offices of supervisory jurisdiction, provide compliance and pricing help to groups of independent advisors, but changes are needed to that business model, writes John Napolitano, CEO of U.S. Wealth Management. "Super-OSJs of the future -- independent hybrid RIA groups -- will find a way to preserve this independence, continue to operate as cash pass-through vehicles for affiliated advisors and add value through services that go far beyond compliance and 'bloc negotiations' with vendors," Napolitano writes.

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