Deborah Aronson Quoted
By Alessandra Malito
RBC Wealth Management, the Royal Bank of Canada’s investment advisory and brokerage division, has nabbed two Merrill Lynch financial advisers with $1.2 billion in assets under administration.
Deborah Aronson, senior consultant at Diamond Consultants in Morristown, N.J., agreed that there is a growing discontent as the wirehouses increase in size, especially over the last few years.
“As wirehouses have gotten bigger and more bureaucratic, it has become harder for advisers to get things done; and as far as sizable producers, those are the folks that value control,” Ms. Aronson said.