Have any questions? 800-685-2384 or info@advisorbox.com

Is Morgan Stanley Being Overly Aggressive with Non-Protocol TROs?

  • On December 14, 2017
Advisorbox has been scanning news daily for Morgan Stanley going after departing advisors with Non-Protocol TROs. Since November 3rd, we have seen only two stories (both by AdvisorHub) of Morgan Stanley successfully winning a TRO against a departing advisor. In both cases, the advisors didn’t play by the new rules and paid the price. The […]
Read More

Merrill Lynch & Wells Fargo Protocol vs. Morgan Stanley & UBS Non-Protocol

  • On December 6, 2017
Merrill Lynch commits to remaining in Broker Protocol. Advisorbox happily eats crow. Andy Sieg told his management team, “We continuously evaluate the competitive landscape, but we are not making plans to leave the Protocol.” A spokesperson shared that Mr. Sieg said: “While other firms are focused on leaving the Broker Protocol as a way of […]
Read More

Merrill Advisors: Your Protocol Domino Falls Next

  • On November 29, 2017
You have days, not weeks, to ensure choice Two down and one to go… UBS, a founding member of Protocol, has announced they are following Morgan Stanley in exiting Protocol. The pullout will be effective on Friday, December 1. Like Morgan Stanley, they are only providing their advisors with a few days notice, meaning if […]
Read More

Non-Protocol BluePaper by ALLI

  • On November 29, 2017
ALLI (Advisor Legal Liberty Initiative) has added a Non-Protocol BluePaper resource for the industry.  We will be posting the latest Non-Protocol news and tips for advisors seeking to transition out of non-protocol firms. Morgan Stanley advisor pays the price for not getting Non-Protocol legal advice AdvisorHub reported Monday that Morgan Stanley was granted a TRO […]
Read More

Carnac: UBS Exiting Protocol in November, Merrill Lynch Exiting in December

  • On November 21, 2017
Several industry insiders for years, even a decade, have predicted the potential wirehouse exits from Protocol if the rapid expansion of Protocol firms continued, causing Protocol to backfire on the wirehouses. This has been a on and off again topic amongst recruiting circles for years. New predictions are as common as old ones. Old predictions […]
Read More

Thanking UBS and Merrill Lynch

  • On November 21, 2017
The entire industry owes both your firms a big thank you for creating Protocol. Your vision has fundamentally changed the industry for the better over the last 13 years, and your firms take two-thirds of the credit. Protocol is highly regarded and loved nationwide by firms, advisors, and the clients who were introduced to Protocol […]
Read More

Advisorbox: Defender of Advisor Liberty

  • On November 16, 2017
Advisorbox has been an industry advocate for Advisor Liberty since our inception. “Advisor Liberty” is the advisor’s freedom to act in the best interest of their clients and their practice. While advisor liberty can be manifested by moving to independence, it isn’t the same as independence, rather it is the freedom to choose independence, or […]
Read More

Advisor Legal Liberty Initiative: Advisors have an ALLI in Advisorbox

  • On November 16, 2017
Advisorbox has launched the Advisor Legal Liberty Initiative (ALLI). ALLI is the liberty counter-balance for resisting corporate aggression and regression, and promoting positive progression of advisor freedoms of choice. ALLI has two primary purposes:  Cover legal expenses for advisors departing from Non-Protocol firms to help ensure a compliant Non-Protocol transition. Non-Protocol legal support infrastructure to […]
Read More

Leaving Your Firm that is Leaving Protocol

  • On November 8, 2017
We have heard a lot of industry chatter in the last few days that Merrill Lynch and UBS may follow Morgan Stanley’s lead in exiting Protocol sooner than later, as early as this week. It wouldn’t surprise us if Merrill Lynch dropped the Protocol bomb on their advisors after rolling out their 2018 compensation plan. Regardless […]
Read More