BlueMind
JULY 15, 2022
Category: Compliance. The Significance Of Financial Compliance Financial compliance requires all actions, procedures, guidelines, and business culture to abide by the rules and regulations set by the regulatory authorities of the financial market. Related: Compliance and Automation – An Ideal Unison!
Inside Information
APRIL 1, 2024
Broker-dealers live off of the activities of their affiliated reps; they facilitate the transactions and asset management for a percentage of the commissions and fees that advisors/reps receive from their clients. The BD doesn’t control prices charged to clients except to the extent that it facilitates commissions.
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Inside Information
MAY 30, 2023
Another uncomfortable fact is that these BDs have enormous compliance departments which supervise all of the communications put out by the reps and their offices—which is required by FINRA. The compliance people have to pre-approve their communications. A national advisory firm presumably wouldn’t have those restrictions.
Fortune Financial
SEPTEMBER 25, 2023
Regulatory Compliance Ensure the wealth management firm is registered and compliant with relevant regulatory authorities. In the United States, this often means being registered with the Securities and Exchange Commission (SEC) or state-level agencies. As your trusted advisors, we prioritize clear and transparent communication.
Fortune Financial
SEPTEMBER 25, 2023
Regulatory Compliance Ensure the wealth management firm is registered and compliant with relevant regulatory authorities. In the United States, this often means being registered with the Securities and Exchange Commission (SEC) or state-level agencies. As your trusted advisors, we prioritize clear and transparent communication.
Sara Grillo
JULY 8, 2022
No joke, there are alot of morons in the business who are salespeople in disguise and just sit around golfing all day while earning trailing commissions off their clients to whom they sold whole life insurance 20 years ago. Work on outstanding compliance tasks: 1 hour. So what percentage of the time is this a typical work day?
Sara Grillo
JANUARY 9, 2023
Specific examples: Educating financial advisors of all business models (AUM, fee only, commission, etc.) Regulators, not just in Colorado but across the country, are seeking ways that there could be greater clarity in the disclosure and communication in the fees that flat fee advisors charge and what they provide.
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