Prosperity Capital Advisors, a Westlake-based registered investment advisor, has named Douglas King as its president and CEO. Read Full Article
King will also take the helm at sister company, C2P Advisory Group
Cleveland, Ohio – April 17, 2017 – 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 [...]
New Entity Offers Access to Comprehensive Training, Coaching and Turnkey Processes to Industry
Cleveland, Ohio – March 16, 2017 Â –Â Clarity 2 Prosperity announces the launch of its fee-only training organization. This new entity offers financial advisors access to comprehensive training, coaching and mentoring as well as turnkey financial planning, innovative operations and marketing processes. These [...]
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. Continue Reading
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
For advisors who want to thrive post-DOL
December 6-8 in Las Vegas, Nevada
WHAT:Â Â Â This Holistic Advisor Academy is a 1.5-day educational event designed for advisors who want to thrive post-DOL. Attendees will learn how to “DOL-Proof” their sales and planning processes, revenue and businesses as a whole. [...]
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
With the passing of the U.S. Department of Labor’s fiduciary ruling in April of this year, the real work has begun for the financial services industry. Read Full Article
How well do you understand the Department of Labor’s fiduciary rule change and what it means for your advising operation and business? Here are five things you need to know right now. Read the Full Article
State Farm Insurance says it will not be accepting liability under the Best Interest Contract (BIC) on the sale of annuities or mutual funds by the more than 12,000 of its agents throughout the U.S. who have licenses to sell securities. Read Full Article