MINNEAPOLIS - A move by American Express Financial Advisors to change the structure of its financial adviser relationships has spawned a trade group of the firm's adviser affiliates.

Beginning March 22, financial advisers - currently independent contractors - can choose to be salaried Amex employees, franchisees, or independent affiliates of the Amex subsidiary Securities America Inc. The idea is to increase the ranks of Amex-affiliated advisers by offering greater independence and higher pay, a spokesman said.

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