How can Private Client Group compete with major Wall Street firms?
Private Client Group is organized so that through First Allied Securities, Inc., we can access many investment products and offerings from its custodian: Pershing (a Bank of New York Mellon company). As a result, our product offerings exceed those of the wire-house firms. At the same time, our cost of operations is less than the large firms allowing Private Client Group to be very price competitive.
Perhaps Private Client Group’s most significant advantage is its independence. We are not under any pressure to sell products that may not be suitable or in the best interests of our clients.
Finally, we believe there are few financial consultants who have had more varied, successful and financially rewarding careers than the firm’s Senior Partner, David W. Johnson. David, along with the firm’s strategic partners, feel that Private Client Group can confidently compete with anyone.