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 about 1 year 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
The PERE Real Estate CFOs Forum Regulation Coming? October 7, 2009 New York R. Eric Emrich Chief Financial Officer Lubert-Adler Partners, LP.
MONEY WORKS FOR WOMEN CHOOSING A FINANCIAL PROFESSIONAL.
S A N F R A N C I S C O | N E W Y O R K San Francisco 150 Spear Street, Suite 825 San Francisco, CA Telephone (415) Fax (646) New.
Rep Name Registered Representative Date Job Dislocation: Managing the Financial Impact of Unexpected Job Loss X.P-1 C (9/10)
Successfully Rolling out CRM in a Complex Distribution Environment Presented By: Tom LeBleu Former VP of Marketing Strategy, National Financial Partners.
Among the most important advisors to a construction firm are: –Professional surety bond producer –Construction-oriented certified public accountant –Knowledgeable.
Working with an Agent or Broker and Putting Your Insurance Program Out to Bid Derek S. Symer, CPCU Senior Vice President, AH&T Insurance.
What is Title 1?. Title 1 funding began as a part of the Great Society Program of President Lyndon B. Johnson in 1965 under the Elementary and Secondary.
Best Practices for In House Counsel Andrea C. Okun General Counsel Merit Management Group LP.
Overview of Financial Reporting for Employee Benefit Plans Presented by: Pugh & Company, P.C. August 10, 2010.
2:30pm How the Rich Manage Their Finances Presented by: Kurt Rosentreter Chartered Accountant Chartered Accountant Senior Financial Advisor, Manulife Securities.
How Compliance Fits Sandra Dolson Wholesale Compliance Manager SLF Canada.
Return on Investment: Training and Development ROI and Evaluation.
Food Safety Award of Excellence A Recognition Program for Food Establishments Practicing Exemplary Food Handling Practices.
Washington Real Estate Practices Lesson 1: Real Estate Agency © 2013 Rockwell Publishing.
This presentation, including any supporting materials, is owned by Gartner, Inc. and/or its affiliates and is for the sole use of the intended Gartner.
Independent Contractor or Casual Employee? How to Complete the Employee/Independent Contractor Classification Checklist (EICCC)
Securing and Documenting Match and In-kind Support Gregory Winn, Sr. Grants Advisor, OGM Susan Meche, Meche Consulting.
©Ian Sommerville 2000 Software Engineering, 6th edition. Chapter 11Slide 1 Chapter 11 Distributed Systems Architectures.
NIXON PEABODY LLP 1 Understanding the Marketing Restrictions of HIPAA Leigh-Ann M. Patterson Nixon Peabody LLP 101 Federal Street Boston, MA (617)
Chapter 3 Looking For a Job Workforce Essentials Ms. Baumgartner.
David DeLaRue, CPCU, ARM, AIC Senior Vice President National Project Insurance Practice General Liability Only Wrap-Ups.
Going Dark: What Companies Need to Know Douglas S. Ellenoff, Esq. Ellenoff Grossman & Schole LLP.
Code of Corporate Governance Securities and Exchange Commission Insurance Commission Reported by: Alvin B. Cabrera.
BCI Issuers Quoted in the U.S. Over-the-Counter Markets You are About to be Thrown into BC Waters – Are You Ready? Venture Law Corporation November.
+ Chapter 17 Database Design Using the REA Data Model Copyright © 2012 Pearson Education, Inc. publishing as Prentice Hall 17-1.
8-1: SOLE PROPRIETORSHIP PPT Notes. Business Organization Definition: enterprise that produces goods or provides services in order to make a profit.
Welcome! Washington State Chapter COMMUNITY ASSOCIATIONS INSTITUTE The leading professional organization providing education, resources, and advocacy for.
This Employer Webinar Series program is presented by Spencer Fane Britt & Browne LLP in conjunction with United Benefit Advisors Kansas City Omaha Overland.
© 2016 SlidePlayer.com Inc. All rights reserved.