Wealth Management by Call Center??? - Aaron Skloff, AIF, CFA, MBA - CEO Skloff Financial Group
Who’s Managing Your Wealth? A Call Center Representative???
Wall Street Journal – Firms Push Call Centers - 03/02/09
“At Merrill Lynch, now part of Bank of America, brokers generally don't get paid
for accounts of less than $100,000, up from $50,000.”
“Citigroup Inc.'s Smith Barney has instituted a similar policy, which would stop
brokers from getting paid to handle transactional accounts of less than $75,000.”
“Such higher thresholds and moves by banks and securities firms to shift more
investors to call centers underscore how the landscape is changing…”
“Merrill's phone-based operation, which started in the mid-1990s, has 325
advisers serving 374,000 households.”
Obligated by Law to Act in the Obligated by Law to Act in the
Best Interests of Clients Best Interests of Shareholders
AIG Advisors - American Intl Group
AXA Advisors - AXA
ING Advisors – ING Group
Skloff Financial Group
Merrill Lynch – Bank of America
Smith Barney – Citigroup
UBS Financial Services - UBS
Wachovia Securities – Wells Fargo
Skloff Financial Group is Different
Skloff Financial Group is registered as a Registered Investment Advisor (RIA).
An RIA is obligated by law to accept fiduciary.
An RIA must place clients’ interests first - before any other party.
Each client has a dedicated licensed financial advisor.
Each client is provided their financial advisor’s mobile phone number.
“Every client is treated with the individual attention and respect they deserve.”
Aaron Skloff, AIF, CFA, MBA – CEO Skloff Financial Group