sidebar

Connect: 888-821-8107

Connect: 319-210-7700

archive

broker dealer Tag

ThinkAdvisor logo

Advisors, Be Afraid: Robots May Be Coming for Your Job

21:10 15 February in Articles Written by Jon Henschen by rafferty

February 14, 2018 By Jon Henschen, as published on ThinkAdvisor “Doomsday Preppers,” an American reality series that ran on the National Geographic channel from 2011 to 2014, explored “…the lives of otherwise ordinary Americans who are preparing for the end of the world as we know it.” The movement continues today, with Silicon Valley technology executives among the latest participants in this survivalist world. A more recent documentary, “Silicon Valley's Doomsday: Prepping for An Economic Apocalypse,” shows how tech preppers are readying themselves and their families to live out a technological apocalypse in style, complete with bunkers, off-grid homes and guns. These executives are spending anywhere from $200K-400K on the low end to millions on the high end for so-called “billionaire bunkers.” Unlike the tin-foil-hat preppers of old who were concerned with a nuclear...

Financial Planning logo

Ron Carson openly poaches LPL advisors, seducing them with new tech

21:47 08 February in In the News by rafferty

February 8, 2018 By Ann Marsh, Tobias Salinger, Financial Planning In a risky recruiting strategy that could invite lawsuits, advisor Ron Carson is openly trying to lure advisors away from LPL Financial, the largest U.S. independent broker-dealer. His sales pitch includes a nationwide speaking tour, in which he tempts advisors with a new, streamlined technology platform. For more than 20 years, Carson had been LPL's top producer, but he left in early 2017 to join another large IBD, Cetera Financial Group. Now, he has crafted a personal appeal to entice other LPL planners to follow suit. He started delivering the message at the first of 13 day-long advisor workshops planned to take place around the country. "I can't tell you how great it is to talk to you, fellow LPL-ers. I've missed you," Carson says in...

Financial Advisor Magazine logo

Finra Warns B-Ds On Hiring Brokers With Spotty Records Living Large

16:57 22 January in In the News by rafferty

January 22, 2018 By Tracey Longo, Financial Advisor High-risk reps are finding it much harder to find a job these days, as Finra tightens the proverbial screws on firms that employ brokers with regulatory red flags. The Financial Industry Regulatory Authority has even begun calling firms that hire “high-risk” brokers to ask executives for explicit justifications for the hires. The threat made to firms, no longer even thinly disguised, is that hiring risky brokers will result in more frequent and far more rigorous Finra examinations for the B-D. The scrutiny is making it far tougher for any but the most profitable brokers to find a new firm if their regulatory record and background check puts them in Finra’s high-risk program hairs. If a firm runs the regulatory gauntlet and brings on a high-risk broker anyway,...