Broker Protocol: Discretion Direction

“Don’t tell anyone” is the discretion direction Protocol brokers should follow. If the “word” gets out it can lead to your manager to take preemptive action against you through termination or a surprising and sudden compliance issue leading to an unsettled disclosure. Don’t tell and solicit clients before you leave. Technically the firm owns the […]
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7 Broker Protocol Basics

Visit Advisorbox BluePapers for more details about Broker Protocol. Here are some of the basic aspects of Protocol for advisors to keep in mind. 1. Act in good faith and you’ll be okay:   We speak with wirehouse advisors who get nervous and concerned about Protocol and others who take it more in stride as […]
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Will Wirehouses Re-Evaluate Broker Protocol Membership?

The wirehouses are no longer actively recruiting experienced and well-producing advisors how long will it take before we start to see Protocol Member defections? Protocol makes it relatively easy right now for advisors to move to and from Protocol firms. It affords the departing advisor with a lot of protections if the advisor acts in […]
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