Nerd's Eye View

JULY 18, 2022

But these positions are often tenuous for new advisors, with extremely high failure rates, driven in large part by compensation that is reliant primarily on commissions from product sales.

CFP 210

CFP Recruitment Sales Certification 210

Wealth Management

SEPTEMBER 25, 2024

The two firms are in hot water over sales of Harvest’s “Iron Condor” strategy that resulted in $5 million in excess management fees and commissions.

Management 113

Management Commission Sales 113

Abnormal Returns

DECEMBER 25, 2023

riabiz.com) DPL Financial Partners is seeing growth in commission-free annuity sales. (morningstar.com) A list of the most popular podcasts for financial advisers. linkedin.com) The biz Vestwell just raised a new $125 billion Series D. investmentnews.com) Startup Arch wants to build a better private capital markets workflow.

Financial Advising 259

Financial Advising Startup Commission Financial Advice 259

The Big Picture

APRIL 11, 2024

In the 1960 and 70s, Merrill Lynch was bullish on America – they set their sales staff loose trying to sell the American dream to upper-middle class households. That changed on May 1, 1975, when the Securities and Exchange Commission mandated a change in commission structures. Lots of other active managers did well.

Commission 350

Commission Taxes Management Electronics 350

Nerd's Eye View

APRIL 26, 2024

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that the Department of Labor released the final version of its Retirement Security Rule (a.k.a.

Financial Planner 231

Financial Planner Commission Communication Financial Advisor 231

Nerd's Eye View

JUNE 30, 2023

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that NAPFA has announced that it will no longer exclude advisors who receive up to $2,500 in annual trailing commissions from previous product sales, if they agree to donate that money to a non-profit organization (..)

Financial Planner 233

Financial Planner Fee Only Commission Retirement Planning 233

Nerd's Eye View

JULY 5, 2024

Supreme Court decision shifting authority to interpret laws passed by Congress from Federal agencies to the judicial system could have significant impacts on regulation of the financial advice industry, including the potential for additional legal challenges to regulations from the Securities and Exchange Commission (SEC), the Department of Labor (DoL), (..)

Financial Planner 213

Financial Planner Retirement Commission Financial Advice 213

Ron A. Rhodes

JANUARY 6, 2024

The insurance lobby is against the imposition of the fiduciary standard by the DOL, as it will lower the excessive commissions often paid on the sale of Fixed Index Annuities…

Insurance 67

Insurance Commission Sales Fee Only 67

Nerd's Eye View

SEPTEMBER 27, 2024

Also in industry news this week: As brokerage firms have faced a wave of lawsuits regarding the low interest rates paid on cash sweep accounts, some legal experts believe that RIAs could also be targeted for legal action if they allow clients' uninvested cash to sit in a cash sweep account rather than investing it or moving it to a higher-yielding (..)

Financial Planner 200

Financial Planner Fiduciary Duty CFP Accounting 200

The Big Picture

FEBRUARY 17, 2024

Wired ) • Realtor Commissions Are Still a Hefty Part of Home Sales. Despite years of technology disruption, home commissions remain stuck near 6%. Few new buildings are going up, diminishing economic vitality Slowdown is particularly pronounced in Chicago, Manhattan. Maybe Not for Long.

Commission 167

Commission Food Banking Management 167

Nerd's Eye View

MAY 22, 2024

With these factors in mind, the Federal Trade Commission (FTC) in April of 2024 announced a final rule banning most non-competes nationwide that is expected to take effect (pending legal challenges) on September 4, 2024.

Financial Advice 204

Financial Advice Commission Clients Financial Advisor 204

Nerd's Eye View

FEBRUARY 9, 2024

Also in industry news this week: A recent study finds that having a defined marketing strategy is a linchpin of marketing success, as advisors with a defined strategy were more likely to have seen an increase in inbound leads during the past 12 months and have more confidence in meeting their practice goals during the coming year than those without (..)

Financial Planner 225

Financial Planner Fee Only CFP Commission 225

Abnormal Returns

FEBRUARY 26, 2023

wsj.com) Sketchy products keep showing up for sale on Amazon ($AMZN). Sentencing Commission show judges rejected more than 80% of compassionate release requests filed from October 2019 through September 2022. (wsj.com) At this point, legit crypto companies don't have much choice but to embrace regulation.

Ethics 197

Ethics License Financial Advising Startup 197

Nerd's Eye View

MARCH 20, 2023

In part, this is due to the many commission-based advisors whose compensation depends on the sale of insurance or investment products, where the price that a client pays is baked into the price of the product or is included in (often opaque) fees associated with buying, selling, and/or holding the investment.

Communication 240

Communication Planning Financial Planning Fee Only 240

Nerd's Eye View

DECEMBER 22, 2023

Also in industry news this week: The SEC has been sending letters to advisory firms requesting details on their use of AI technology, raising questions about whether they may be considering revising their proposed AI rule that received significant pushback earlier this year for the wide breadth of the types of technology it covers DPL Financial has (..)

Financial Planner 232

Financial Planner Fee Only Tax Planning Retirement 232

Nerd's Eye View

AUGUST 25, 2022

Historically, the career path for newer financial advisors has followed a commission-based model that was focused on sales and business development first and learning the technical aspects of financial planning along the way.

Financial Planning 191

Financial Planning Clients Planning Commission 191

Nerd's Eye View

JULY 30, 2024

In this episode, we talk in-depth about how Michelle has created a structured process to help her clients successfully navigate the divorce process, from connecting them to divorce specialists that Michelle has pre-vetted, including attorneys, mortgage brokers, and therapists, as well as providing her divorcee clients with a roadmap for their way forward (..)

Clients 130

Clients Financial Advisor Wealth Advisor Insurance 130

Nerd's Eye View

AUGUST 25, 2022

Historically, the career path for newer financial advisors has followed a commission-based model that was focused on sales and business development first and learning the technical aspects of financial planning along the way.

Financial Planning 184

Financial Planning Clients Planning Commission 184

MarketWatch

JUNE 15, 2023

GS stock is down 0.5%, reversing gains from earlier in the session, after The Wall Street Journal reported that the Securities and Exchange Commission is investigating the role of the bank in buying Silicon Valley Bank’s securities portfolio prior to the bank’s collapse in March. Goldman Sachs Group Inc.

Banking 75

Banking Commission Sales Portfolio 75

Walkner Condon Financial Advisors

MAY 9, 2024

The Federal Trade Commission (FTC) recently moved to strike non-compete clauses in contracts. Nothing in this material constitutes a solicitation for the sale or purchase of any securities. This has an impact in our industry, as these provisions are commonplace. This material is intended for educational purposes only.

Wealth Management 59

Wealth Management Management Financial Advisor Commission 59

Calculated Risk

NOVEMBER 18, 2022

From BofA: Existing home sales actually fell less than we expected, implying slightly stronger brokers’ commissions in 4Q. As a result, our tracking estimate for residential investment in 4Q edged up. That said, after rounding, our 4Q GDP tracking estimate was unchanged at 1.3%

Commission 72

Commission Sales Investments Investing 72

MarketWatch

APRIL 4, 2023

The Securities and Exchange Commission charged Charlie Javice with fraud in connection with the $175 million sale of her student-loan assistance company Frank to JPMorgan Chase JPM. million in stock proceeds and a $20 million retention bonus, among other compensation, following the sale. Javice received $9.7 Javice received $9.7

Accounting 75

Accounting Commission Manufacturing Banking 75

The Big Picture

MARCH 23, 2024

The company’s stock has dropped nearly 13% since Friday’s $418 million settlement between the National Association of Realtors and groups of home sellers which ended the standard 6% commission for Realtors. The bill, meant to force the sale of TikTok, passed by a landslide. link] • Reddit is going public. A classified briefing.

Math 184

Math Commission Insurance Government 184

Nerd's Eye View

AUGUST 1, 2022

The deal is well timed to a recent Risk Alert from the SEC about advisors engaging in (unwittingly) incorrect billing due to a lack of strong billing systems and processes.

Financial Planning 220

Financial Planning Financial Advisor Commission Planning 220

MarketWatch

JUNE 2, 2023

PG and GSK Consumer Health in sales, distribution and marketing. Securities and Exchange Commission updating its strategy to accelerate entry to the U.S. Acreage CEO Peter Caldini will resign on June 30. Acreage is combining with Jetty Extracts and Wana Brands to form Canopy USA LLC as the U.S.-unit unit of Canopy Growth Corp.

Commission 75

Commission Distribution Sales Marketing 75

MarketWatch

FEBRUARY 9, 2023

Kraken, one of the world’s largest crypto exchanges, on Thursday agreed to stop offering or selling securities through crypto asset staking services, and pay $30 million in penalties, the Securities and Exchange Commission said. The SEC has been probing Kraken over whether it broke rules on certain offerings to U.S.

Commission 40

Commission Sales Assets Investments 40

MarketWatch

MARCH 2, 2023

ZM disclosed in a Thursday filing with the Securities and Exchange Commission that it has fired Greg Tomb, who served as the company’s president. Zoom Video Communications Inc. The “termination without cause” is effective Friday.

Commission 75

Commission Communication Sales Clients 75

Trade Brains

FEBRUARY 28, 2024

With retail bakery and institutional segment included, bakery segment sales in Q3FY24 was Rs. To promote sales, MBFSL has also raised the number of feet on street (sales people who serve and monitor distributors) from 900 in March 2023 to 1,200. The company has commissioned two Biscuit Lines in Rajpura in the current year.

Food 59

Food Commission Distribution Retail 59

Leading Advisor

AUGUST 2, 2023

Branding Commission/Fee For Service Compliance and Licensing Marketing and Sales Office Environment Products and Services Technology and Equipment Team/Succession Planning Vision and Business Plan What… The post Will increasing your understanding of Flow & the Elimination of Flow Killers help you to make these Processes & Systems STICK? (..)

License 40

License Compliance Commission Business Planning 40

MarketWatch

JUNE 21, 2023

in morning trading, after the Federal Trade Commission said it has taken action against the ecommerce giant, alleging the company manipulated consumers into enrolling in Amazon Prime without their consent. The FTC suit comes after Amazon unveiled that its Prime Day sales event will take place July 11 to July 12. AMZN fell 0.8%

eCommerce 75

eCommerce Commission Sales Marketing 75

Nerd's Eye View

NOVEMBER 28, 2022

From advisors who earn commissions from the sales of financial products to fee-only investment advisors who charge based on client assets under management, the value advisors provide to their clients has often been centered on investment management.

Clients 226

Clients Fee Only Planning Advertising 226

Good Financial Cents

FEBRUARY 24, 2023

With most investing apps now offering commission-free trading, online brokers must find more creative ways to stand out. About Webull Launched in 2017, New York City-based Webull is a self-directed investment platform that offers commission-free trading. Cryptocurrency You can trade cryptocurrency on Webull commission-free.

Investments 96

Investments Investing Commission Accounting 96

Nerd's Eye View

NOVEMBER 28, 2022

From advisors who earn commissions from the sales of financial products to fee-only investment advisors who charge based on client assets under management, the value advisors provide to their clients has often been centered on investment management.

Fee Only 219

Fee Only Portfolio Clients Planning 219

MarketWatch

FEBRUARY 6, 2023

As part of that announcement, the company filed a prospectus with the Securities and Exchange Commission that showed expected fourth-quarter revenue to be $21 million to $23 million, up from roughly $8 million a year ago. Analysts on average were projecting sales of $18.2 million, according to FactSet.

Commission 75

Commission Sales Planning Marketing 75

Trade Brains

NOVEMBER 7, 2022

Crores will be an offer for sale. According to the Company Commissioned F&S Report, total FDI inflow in the chemicals (other than fertilizers) sector in India reached US$17.77 Offer for Sale (OFS) ?657.31 The IPO will open for subscription on November 9th, 2022, and close on November 11th, 2022. Keep reading to find out! .

Commission 96

Commission Pharmaceutical Manufacturing Transportation 96

ClearMoney

DECEMBER 16, 2021

It does not constitute investment advice, recommendation, or an offer of any services or products for sale and is not intended to provide a sufficient basis on which to make an investment decision. UNITED STATES: Dimensional Fund Advisors LP is an investment advisor registered with the Securities and Exchange Commission.

Commission 52

Commission Distribution License Sales 52

Investment Writing

MAY 21, 2024

Paxton recommended donating rather than selling because sales rarely make enough money to make you happy. Disclosure: If you click on an Amazon link in this post and then buy something, I will receive a small commission. What do you remember about that day? What smells and sounds do you remember? Why is this item important?

Clients 111

Clients Commission Financial Advisor Sales 111