We think you have liked this presentation. If you wish to download it, please recommend it to your friends in any social system. Share buttons are a little bit lower. Thank you!
Presentation is loading. Please wait.
Published byHeather Newcomb
Modified over 2 years ago
WHY ADD FINANCIAL SERVICES TO YOUR PRACTICE? Presented by BlueChip Financial Advisors, LLP
AGENDA Definitions Pros & Cons Models Solicitor/RIA Rep?
Broker Dealer – RIA Series 65 or 63/7/6 Fiduciary vs suitability Solicitor U4/U5/ADV Part 1 & Part 2 CRD FINRA State vs Federal Registration DEFINITIONS
WHY ADD FINANCIAL SERVICES?
A. Additional Revenue B. Client Retention Referrals
PROS & CONS
PROS A. Additional Revenue B. Strengthen Client Relationships C. Increase in Referrals
CONS A. New skill set to learn B. Can be added complexity C. Finding right model
Need Broker Dealer Can sell securities for commission Will need insurance license for annuities SERIES 7/6/63
Fiduciary responsibility No commission selling, fee only May have exception to testing SERIES 65
RIA Work directly with custodian Form separate entity for CPA practice Maintain ‘Back office’ Software requirement Compliance officer Need to be RIA rep of RIA
RIA REP/OUTSIDE RIA Align with RIA Participate in fee revenue Must register on U4 (65/PFS/CFP/etc)
SOLICITOR All states, except MA, require 65 or equivalent Can refer to RIA with proper discloser and share fees
TAMP (TURNKEY ASSET MANAGEMENT PROGRAM) Outsource management of assets to 3 rd party Receive portion of fee No actual control or active involvement
CONCLUSION 1. Is this right for you 2. How to learn more 3. Thanks
CLIENT FINANCIAL ADVISOR 3 rd Party A Year in the Life of a Client
Industry Impact: Department of Labor Proposal and a Fiduciary Standard.
Chapter 18: The Practice of Financial Planning Chapter 18 The Practice of Financial Planning.
For broker-dealer use only. Not for use with the public. PROCU 2012 ANNUAL MEETING REGULATORY UPDATE Michael D. Burns Chief Compliance Officer October.
Topic 10 Financial Services Regulations and Requirements.
Top Licenses You Need To Become A Financial Advisor
MONEY WORKS FOR WOMEN CHOOSING A FINANCIAL PROFESSIONAL.
IA Examination Program Overview Maryland Securities Division 200 St. Paul Place Baltimore, MD Office of the Attorney General, Maryland Division of.
The PERE Real Estate CFOs Forum Regulation Coming? October 7, 2009 New York R. Eric Emrich Chief Financial Officer Lubert-Adler Partners, LP.
Proxy Voting – An Operational Focus Presented By: Satish G. Pattegar Fiduciary & Risk Management Association 2011 National Risk Management Training Conference.
So You Think You Know the Fiduciary Rule? July 12, :00 - 1:00 p.m. (EDT) Guest Speaker: Marcia S. Wagner Principal The Wagner Law Group Hosted by:
Building Rep Services Through Outsourcing: The cost effective way to boost Broker-Dealer value Stephen Wershing, CFP® President Ensemble Financial Services,
Regulatory Roundup: 2014 Examination Priorities Presented by: Erika Subieta, J.D extension 216 National Compliance.
2 The Opportunity for CPAs You’re committed to determining the needs and then delivering the right services to your clients. You play an important role.
What it means to you! “What’s What?” & “Who’s Who?” Financial Services can be very complex and obscure for even sophisticated members of the investing.
Positioned to Win with Independent Broker/Dealers Clifford Jack President Jackson National Life Distributors Inc. Chairman National Planning Holdings.
Taking Stock: Insuring Securities Broker/Dealers in the New Millennium in the New Millennium.
Midwest Microwave Your Premier Executive Services Partner The Importance of Planning for a Lifetime… Securities offered through ProEquities, Inc., a Registered.
JERRY COOPER Senior Relationship Manager Over 30 years' experience in business development, financial marketing, and strategic planning, with current focus.
Investment Adviser Workshop: the New Form ADV Part 2, New Rules, and the IA Switch.
1 Understanding Financial Advice. 2 Agenda Investor Confusion Investment Advice: The Different Options Registered Investment Advisor vs. Registered Representative.
Brought to you by the Nationwide ® Advanced Consulting Group Best Practices When Working With Your 401(k) Clients.
FIRMA Presentation Dual Hatting Melody Bohlmann IM&T Investment Risk Manager March 31, 2010.
Brokers Xpress: A Broker/Dealer Helping Independent Advisors Tiburon Research September 1, 2012.
Responding to the Demands of Evolving Annuity Suitability Standards Michelle Holmes Director, Minot Compliance ING 2009 ACLI Legal and Compliance Sections.
Intro to a Career in Financial Services North Shore Community College Economics Club Ami Howes Managing Associate, Financial Advisor Strategic Financial.
Topic 76 CFP Board’s Code of Ethics and Professional Responsibilities and Rules of Conduct.
Your Retirement – Your Way Succession planning concepts to preserve the value of your practice. Jason Andrews, CFP®, CRPC®
Regulatory Reform and Implications for the Municipal Bond Market RBDA Financial Regulatory Reform Webinar Lynnette Kelly Hotchkiss, Executive Director.
1 PREPARING FORM 5500 SCHEDULE C A Presentation of The Profit Sharing/401k Council of America, The Securities Industry and Financial Markets Association.
The Department of Labor Proposed Regulation Investment Fiduciary Advice: What You Need to Know Now! Juli McNeely, LUTCF, CLU, CFP NAIFA President Kevin.
LOAN PARTICIPATIONS - ACCOUNTING AND REGULATORY ISSUES DeLeon & Stang, CPAs and Advisors Allen P. DeLeon, CPA (301)
Investment Adviser Pre-Exam Procedures By Randy Mullikin Assistant Director of Compliance Office of the Kansas Securities Commissioner.
© 2013 All materials are proprietary. I. Richard Ploss, Esq. CPA, CFP © Preti Flaherty Beliveau & Pachios, LLP Financial Planning— Standards, Ethics and.
1 Web Chapter C Regulation. 2 Chapter Goals Discuss the role regulation plays in the financial services industry. Describe the key regulatory items that.
REAL ESTATE LICENSE LAWS ► CHAPTER 10 © 2009 South-Western, Cengage Learning.
LIVE IN L.A. Your all access pass to complete Wealth Management Navigator – Powered by Salesforce Bruce Plaskett, Vice-President, Dealer Services Achieving.
Trust Legislative Update FIRMA Annual Conference April 18, 2011 Phoebe Papageorgiou American Bankers Association aba.com |1-800-BANKERS.
The Post-MiFID Financial World László Seregdi June 15, 2007 Split.
Chapter 1 What is Financial Planning? The Process of Financial Planning: Developing a Financial Plan Lytton, Grable & Klock 2006.
Financial Services Industry Regulations Chapter 6 Tools & Techniques of Financial Planning Copyright 2009, The National Underwriter Company1 Investment.
1 401(k) Fees What You Need to Know Celia Rafalko Piedmont Independent Fiduciaries, Inc
Custody. Definition of Custody NASAA vs. SEC Eight Safekeeping Requirements Exam Items.
Marcia Wagner Managing Director The Wagner Law Group Paul J. Tolley Chief Compliance Officer Commonwealth Financial Network® Leo Karwejna Managing Director,
1 6c: IA/PF - The Compliance Program and Modern Technology (Part 1 - Workshop) October 22, 2014 Mitch Kraskin - CEO, Compliance Science, Inc. Peter Mafteiu.
GUIDE TO SELECTING YOUR SMALL BUSINESS LEGAL STRUCTURE.
Service Provider Participants. service principal (originator) – creates the service concept (like a manufacturer) service deliverer (intermediary) – entity.
1 © 2007 ME™ - Your Money Education Resource™ Chapter 5: Attitudes of Clients Chapter 6: Financial Service Regulations Financial Planning.
1 NASD Rule 3040 & Proposed FINRA Rule 3110: Oversight of Dual-Hatted Employees Joan R. Dindoffer, VP and Chief Compliance Officer, Private Fiduciary Services,
© 2017 SlidePlayer.com Inc. All rights reserved.