Barbara Herman Quoted
By Liz Skinner
Even though advisers often ruminate for many years before going independent or even changing brokerages, many are still surprised by certain realities of the shift.
“I think it’s because so many firms may be completely paperless for what it takes to normally open accounts and transfer funds,” said Barbara Herman, senior vice president at adviser recruiting firm Diamond Consultants Inc. “But the account transfer process, what a client has to complete to move their accounts, is still paper-driven.”
