Insights | 09.20.22
Banks Vie for Advisor Clients as Investors Seek to Winnow Financial Partners
Broker-dealers like Cetera and LPL are increasingly winning share in the bank wealth channel as these institutions aim to bulk up advice. Regional and community banks are partnering with broker-dealers to bolster their in-house wealth management services and offset slowing revenue streams in other areas of the business. That can mean competition for advisors as clients aim to consolidate the number of financial institutions with which they work.
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