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Last updated on Tuesday, October 14, 2014, 8:02 am

WealthPath Investment Advisors partners Jim Edmiaston, left, and Clay Kendall quit wirehouse careers to go independent in 2006.

Breakaway Brokers: Advisers Got in Early on Autonomy Movement

Three founding partners at WealthPath Investment Advisors left the realm of commissioned stockbrokers back in 2006, with desires to implement a fee compensation structure, broaden clients’ investment options and generally have more control over their own careers.  “It was a no-brainer,” said WealthPath partner and chartered financial analyst Clay Kendall. “It’s good for us, good for the clients. It’s a win-win.” Kendall, Jim Mote and Jim Edmiaston quit the financial firm Morgan Keegan (acquired by Raymond James & Associates in 2012) to co-found with two other partners an independent finance firm, AdvisorAlliance. It was a bit ahead of the game, but the move reflects an ongoing national trend seen in the industry during the years that followed.... [ MORE ]

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Arkansas voters will decide in a few weeks whether to increase the state's minimum wage. If you had to vote today, would you vote to raise minimum wage in Arkansas from $6.25 to $8.50 by 2017?

  • Yes. Anyone who works full-time should be able to support their family.
  • No. The government should not dictate how much workers are paid.
  • No. Minimum-wage jobs are for entry-level workers. If people want to get paid more, they should work their way up.
  • No. It will constrain employers and kill jobs.
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