Sarah O’Brien

Chipman notes "we believe in the core principles that drove our platform strategy and believe they should continue to be the key elements of a new uniform fiduciary duty: maintain choice and allow commission business, create a consistent standard of care across our non-qualified and qualified business" Unfortunately, it is unlikely the core principles that worked under a suitability standard do not work under a fiduciary standard. Thus, the big challenge AIG faces is not more of the same but an entirely different fiduciary infrastructure based on prudent process, advanced technology.and a retooled product menu which do not resemble conventional brokerage. SCW

I agree with Steve.  Also don't get why folks don't just tell people who gets paid how much and for what.  Clear, simple,defendable  etc.  Just dumb!

While Advisor Group's high-powered organic growth strategy unfurls, Valerie Brown unleashes Steve Chipman to do the inorganic wet work of rolling up IBD orphans -- and maybe even some RIAs

Royal Alliance

AIG Advisor Group

FSC Securities

SagePoint

Steve Chipman

<p>Adherents of the hybrid RIA model seem to understand the world in the same terms as Puritan dissenters, now known as Baptists, Quakers, Presbyterians, Unitarians and Congregationalists. The members of those offshoots avoided the fate of the Puritans who believed a little too ardently that grace could not be earned, only bestowed by God. The Puritans are now extinct. More inclusive splinter sects that accommodate striving sinners, on the other hand, have gone on to survive and prosper. Hybrid RIAs espouse a new world order of accountable advice that errs on the side of inclusion of brokers despite their propensity for sin inherent in their inevitable conflicts of interest. RIA purists see this more-the-merrier mindset as too much fiduciary disharmony to throw at clients and an unsettling bifurcation when building a successful, long-haul business. RIA hybrid enthusiasts say the success of this model – and it is the fastest growing in the advisory world -- speaks for itself and that such firms house the best of the transactional brokerage business and the fee business under one roof. Moreover, these evangelists see the hybrid model as a means of bridging the gap between a whole generation financial advisors by leading captive wirehouse brokers to a model that offers more objective, open- architecture advice. Whatever side a reader falls on this dynamic topic certainly deserves a reader section for itself and we are proud to present it.</p>

Hybrid RIA

Poached from Foothill Securities, Chipman cites his former employer as the reason he can talk the talk of his quarry -- smaller firm execs seeking a port in a fiduciary storm

While Advisor Group's high-powered organic growth strategy unfurls, Valerie Brown unleashes Steve Chipman to do the inorganic wet work of rolling up IBD orphans -- and maybe even some RIAs

Stephen Winks

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While Advisor Group's high-powered organic growth strategy unfurls, Valerie Brown unleashes Steve Chipman to do the inorganic wet work of rolling up IBD orphans -- and maybe even some RIAs

Stephen Winks

FAA

RIABiz Directory

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