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Pennsylvania Advisor Who Used Client Funds on Country Club Dues Gets 8 Years in Prison

Wealth Management

and Orchard Park Real Estate Holdings, was originally charged in January by the Securities and Exchange Commission and DOJ. Attorney’s Office said he failed to report the fraud proceeds on his personal income tax returns, which generated a tax loss of about $3 million. He pleaded guilty to all of the criminal charges.

Clients 275
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Sunday links: when irrationality takes over

Abnormal Returns

ft.com) Strategy Why you can ignore all the magazine cover commentary. axios.com) Everybody wants simpler taxes, but it never happens. newsletter.abnormalreturns.com) Mixed media On the end of the 6% real estate commission. Markets Market valuations aren't that helpful in the short term. tker.co) The U.S. nytimes.com)

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Monkeys Go Home

Inside Information

If you’re as old as Methuselah, like I am, you might remember a pivotal moment in the evolution of the planning profession, when Forbes magazine noticed that brokers, life insurance and tax shelter salespeople were starting to call themselves ‘financial planners.’ Pandemonium!

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6 Steps You Can Take To Invest Safely

WiserAdvisor

You can also read magazines and subscribe to financial podcasts, blogs, journals, and more. Do not ignore the broker’s commission or the per-transaction cost when trading in stocks. Taxes are also a critical component of investment. High taxes can interfere with your returns. So, you can use them to save on tax.

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Transcript: Joanne Bradford

The Big Picture

And so I ended up working at Business Week Magazine for almost 13 years. But yeah, I was making commission at that point in time. So when I was a salesperson at Business week, I sold more ads than anybody, and I made $2 million commission when I was 29 years old. I did that for two years. It was fun. What did I forget?

Startup 147
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7 Steps To Declutter Paperwork Including Financial Documents

Clever Girl Finance

Note: This is an affiliate link, which means if you buy from it, we may earn a small commission which helps us grow! If you are one of them, you might want to look into a filing cabinet with labeled file folders to store all of your essential financial paperwork, including things like wills, tax returns, and marriage or birth certificates.

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Does being a fiduciary financial advisor REALLY matter – or is it “meh?”

Sara Grillo

If their sole method of compensation is a product, and/or they are taking commissions, then in reality it is less likely they are embracing all the values that the standard requires. Commissions are opaque. Rostad is the author of articles, papers regulatory comment letters and a frequent contributor to Advisor Perspectives Magazine.