This weekend marks the beginning of summer driving season, and Americans should be packing up and hitting the road. Why aren’t they? Americans are driving less than expected and economists are struggling to explain why.
Classic, LLC (Classic) is a broker/dealer, member of FINRA and SIPC and is a sister company of CAM. Due to the general direction of the investment advisory business, it has become difficult for advisors to operate an independent RIA business while retaining a general securities relationship at a broker/dealer firm. Many advisors who are interested in transitioning to a fee based business are reluctant to give up their securities license as well as the trails being earned on many of the products they have sold over the years. In addition, broker/dealer firms have often imposed production or revenue requirements that are not realistic for advisors doing a significant portion of their business on the RIA platform. Classic was formed to address these issues. The management team at Classic has a combined experience of over 74 years in the broker/dealer business. In addition to their duties as managers of the sister firms, the management team continues to provide investment management services on a retail basis. This helps them maintain a fresh perspective on the challenges and responsibilities that successful advisors face every day.
Put the experience of the “Classic” team to work for you.