C2P

AM Best: Advisers, Brokers Scrambling to Beat DOL’s June 9 Fiduciary Deadline


Retirement advisers, brokers and dealers are speeding to change the way they deliver planning advice ahead of the June 9 deadline of the federal fiduciary rule, against which the industry has fought a year-long battler. Read Full Article

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Life Annuity Specialist: IMOs Prep Themselves for the DOL Rule


While industry manufacturers prepare for the long-awaited June 9 phase-in of DOL’s Conflict Interest Rule, key distribution players on which the brunt of the rule’s requirements will fall — independent marketing organizations — are themselves scrambling to become DOL ready. Read Full Article

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InsuranceNewsNet: Holistic Advisor Academy June 20-22 in Cleveland, OH


Now open to financial advisors—regardless of corporate affiliation! Read Full Article

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Crain’s Cleveland: Fast-growing Westlake firm recruits industry vet


Finance industry vet Doug King once planned to recruit Jason Smith and his partners, who run two financial institutions and a training service for financial advisers in Westlake, to Cetera Advisor Networks in California, one of the country’s largest independent broker-dealers. Read Full Article

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Crain’s Cleveland: Prosperity Capital Advisors names Douglas King as president and CEO


Prosperity Capital Advisors, a Westlake-based registered investment advisor, has named Douglas King as its president and CEO. Read Full Article

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Yahoo! Finance: Prosperity Capital Advisors Names Industry Veteran Douglas S. King, CFP® President and Chief Executive Officer


Prosperity Capital Advisors (PCA) has named industry veteran Douglas S. King, CFP®, formerly of Cetera Advisor Networks LLC, as its president and CEO. King will lead the SEC Registered Investment Adviser firm whose mission is to support independent financial advisors across the country dedicated to providing holistic financial planning. Read Full Article

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Financial Advisor Magazine: Prosperity Capital Advisors Names New CEO


Prosperity Capital Advisors, an RIA based in Cleveland that provides financial planning and asset management solutions to investment advisors, has named Douglas S. King president and CEO, Prosperity Capital Advisors announced Monday. Read Full Article

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Life Health Pro: “IMOs to DOL: Fiduciary rule class exemption sets too high a bar”


In respect to the last, the DOL proposal estimates that an IMO with average sales of $2 billion could satisfy this liability requirement by setting aside $20 million. If valued at 7 percent (3 percent net), the IMO’s “attendant opportunity cost” would total $1.4 million ($600,000 net) in the first year. Read Full Article

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InsuranceNewsNet: “IMOs Call DOL Fiduciary Exclusion Unworkable”


Regulatory thresholds proposed for independent marketing organizations (IMOs) to participate in the sale of fixed indexed annuities are so high as to be virtually worthless and unworkable for the bulk of the IMO industry, industry experts said. Read Full Article

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Life Health Pro: “Set yourself apart”


At the beginning of my career, a big mistake I made for quite a long time was being just like everybody else. There was nothing unique I did as a broker. Differentiating yourself can be the key to standing out and creating a strong and loyal client base. Read Full Article

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