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Signed in as:
filler@godaddy.com
A Federal Agency with a mission to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation.
A self-regulated Organization (SRO) that governs registered advisers, brokers, and broker-dealer firms in the United States.
The Federal Deposit Insurance Corporation (FDIC) is an independent agency created by Congress to maintain stability and public confidence in the nation’s financial system to insure deposits and supervise financial institutions for consumer protection.
The Securities Investor Protection Corporation (SIPC) protects the public funds. Created by Congress as a non-profit corporation to oversee the liquidation of member firms that close when in bankruptcy or in financial trouble to recover funds.
Possibly.
There is a difference.
Officially, the United States Government document that defines and regulates this is titled the “Investment Advisers Act of 1940.”
Note the spelling.
Not all aspects of financial planning require providing investment advice. Certainly, there are professionals who are not providing "technically legal" investment advice so these people will call themselves "Advisors" with an "O". All this does is add more confusion and attempt to mask a compliance concern.
This can be avoided by having a financial plan in place to prevent any hostile persuasion. This is a classic situation that is easily recognizable, happens often, and goes mostly unreported. Oftentimes, the thought of a financial plan like this will be overwhelming to most, only to be followed soon thereafter by total squander.
The ultra-high-net-worth understand how this critical knowledge must be implemented to have the greatest chance to leave a legacy.
This can be possible.
Yes. Life, health, and annuities are an important part of financial planning and protecting legacies.
Oftentimes, assets under management (AUM) is a mandatory quota. The financial industry is not perfect, and this can cause a conflict with the advice to be received. This can get concerning.
Although unique, advice-only RIA firms are a necessity to the Ultra-High-Net-Worth. For the general public, it's in its infancy.
There could be a concern, and we recommend notifying FINRA and/or the SEC.
Advice vs. Transactions
Fiduciary vs. Suitability Standards
Broker vs. Adviser
Registered Investment Adviser
3rd Party vs. In-House Custody
New York State Elder Abuse Hotline
Elder Abuse
Greedy Sibling
All legal investment firms can be found registered with the worldwide recognized governing agencies Financial Industry Regulatory Authority (FINRA) and the United States Securities Exchange Commission (SEC).
Please note: FINRA only recognizes registered individuals - We are registered.
Uniquely, there are approximately 13,000 Registered Investment Adviser Firms (RIA) and we are registered as this. (Fee Based Firm)
Currently, there are approximately 3,000 Registered Securities Firms encompassing:
approximately 60,000 Registered Investment Adviser Representatives (individuals who charge fees)
approximately 700,000 Registered Brokers (individuals who charge commissions)
Caution: Currently, there are -
approximately 50,000 chartered wealth managers (cwm)
approximately 200,000 certified financial planners (cfp)
approximately 650,000 certified public accountants (cpa)
approximately 1,000,000 lawyers (esq) in the United States
There are also hundreds of other designations and titles such as the ones above that incorporate millions of other individuals.
FINRA only recognizes registered individuals.
We recommend personal investigation or contact us to ascertain the title status of your financial professionals.
Please be wary: Message from the Financial Industry Regulatory Authority (FINRA)
Investment Adviser Explained