Strategy

US Advisor Network's Top Executives Hit The Road To Spread Message

Tom Burroughes Group Editor January 10, 2017

US Advisor Network's Top Executives Hit The Road To Spread Message

The advisor network, which has brought out a number of product changes and launched an education program with the DOL Fidicuary Rule in mind, is sending its most senior executives across the US to explain latest developments.

Advisor Group, the US-based network, is sending its top brass on a 19-city roadshow across the US to spread the word about new product enhancements and programs.

The roadshow, entitled The Future Is Now, starts today in Cambridge, MA, at which newly-appointed president and chief executive Jamie Price and chairman Valerie Brown, and other executives, will explain the firm’s strategy.

The firm has brought out a new advisory product, the Genesis Series, that it says opens access for clients to institutional strategists such as Vanguard, American Funds and iShares at lower minimums investor levels; the product is powered by Envestnet PMC research. Another development is a new fund-only, no-transaction fee platform for commission accounts that get rid of IRA custody and transaction fees. This platform allows clientss to more easily consolidate household assets onto the brokerage platform, Advisor Group said in a statement today. The firm said it is also launching an education program to fit with its Department of Labor-compliant solutions and platform. (This refers to the new DOL Fiduciary Rule, which is pushing advisors away from old sales-based revenues towards fees for advice.) 

Phoenix, AX-headquartered Advisor Group is also launching a dedicated DOL/Regulatory Hotline and Wikipedia-like microsite to give advisors access to real-time information. The firm describes itself as the “mothership firm” of Royal Alliance, SagePoint, Woodbury Financial and FSC Securities. It has more than 5,000 advisors and $160 billion under advisement on its platform. 

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