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Independent Broker-Dealer Advisors Change Tune on Digital Advice Ahead of Fiduciary Rule
On Wall Street
Mar. 31, 2016 "Ladenburg Thalmann believes it has a solution: $ymbil, its new digital advice platform. The self-service portfolio account will be made available to its advisor network and will require a minimum $500 investment to open.... The launch comes amidst industry expectations that smaller accounts collectively worth billions will be dropped by firms unwilling to service them due to cost or liabilities, straight into the arms of independent robo platforms." MORE >> |
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