Woodbury provides services to a network of independent financial advisor firms, rather than directly employing advisors and working with clients. … This creates the potential for a conflict of interest, though the firm and its advisors are bound by fiduciary duty.
Also to know is, who does Woodbury Financial clear through?
We provide your financial advisor with clearing services through Pershing (a Bank of New York Mellon Company). A clearing firm works with various financial exchanges to handle confirmation, delivery and settlement of your financial transactions.
Considering this, what is eQuipt Royal Alliance? Advisor Group’s eQuipt is a Quantum Leap in Onboarding Technology. From Wealth Management Today: The system provides advisors with the flexibility to hand-off specific onboarding events to the client, collect profile and suitability information and then make recommendations based on that data.