“It’s one of our top initiatives for 2016,” said Bradley at the event as reported by Reuters writer Jed Horowitz. “We think we can do a more effective job of enhancing our offering for folks with $1 million or more.” (NYSE: AMTD)
“That will avoid conflict with the firm’s fastest growing business division, which sells products and services to clients of independent investment advisers who want direction on their investments,” Bradley said, according to Reuters.
Fred Tomczyk, the firm’s chairman and chief executive, alluded to the new program last week at an investor presentation. “You need another idea every three to four years.”
The Omaha-based broker will use the ex-RIA chief to go after $1-million-plus accounts*
Tom Bradley and Tom Nalley may now have a relationship of coopetition.