Professionals Alliance Group
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Professionals Alliance Group Information for accounting firms

Professionals Alliance Group Information for accounting firms

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Professionals Alliance Group Professionals Alliance Group Document Transcript

  • Professionals DomesticAlliance Confidential SurveyGroupOppenheimer established the Please print.Professionals Alliance Group to Namesupport selected accounting firms Tide.across the country in providing Companyfinancial consulting services to their Addresshigh net wort}r clients. Ci.y. .....State ....2p Telephone .Fax .In order to qualify for membership in E-Mail ....7ebSite..the Professionals Alliance Group, F{ome Addressaccounting firms must meet certain City. .....State ....Ziprequirements. if you are interested in SocialSecurity # .. . . . . .DateofBirthlearning more about this opportunity, Year Firm Foundedplease complete and return this Number of PartnersConfidential Survey witl your busi-ness card to: Number ofAccountants/Lawyers . . . Please indicate the approximate nrrmber of clients with IN{ESIIABT.F assets within the following ranges:Professional Alliance Group . . . . $5OOm-$2mm . . . .$2mm-$5mm . . . .$5mm-$ 10mmOppenheimer 6r Co.Inc. ... . $10mm-$25mm ....>$25mmI25 Broad Sffeet, 14th Floor Please indicate your ftlnt approximate cur€nt annu l rsvenues:NewYork, NY 10004 O$1mm-$3mm O$3mm-$5mmprofessionalsalliancegroup@opco.com O$5mm-$1Omm O>$1Omm(212) 668-5880 Do you have a ftnancial services business? OYesONo Do you have an RIAi OYesONo Please inficate the license(o) yo* hold: Please indicate industry specialization(s), if *y (e.g.: manufactur- ing, healtficare, technolory, non-traditional). f ppENtml{E (SiSnature) (Dale)
  • Our Professionals Allia nce G rou p Helps You ProvideYour Clients with lnvestment Services & -ry t42The Professionals Alliance Group seeks to align PAG sees its function as a means by which itswith firms whose primary focus is to offer their members can strengthen existing relationshipsclients financial guidance in their personal and between their clients and themselves by providingbusiness interests. When PAG began operations, investment services. Values of integrity and respectit worked almost exclusively with accounting firms, are paramount for companies to succeed at addingSince that time, it has also formed relationships value to their clients trusted counselors.with law firms, sports agents, business managers 0ppenheimers Senior Management augmentsand family office practices because these PAGs involvement with the firms with which itindividuals and institutions are all actively involved works by making themselves accessible to thesein their clientsfinancial lives. firms clients for seminars and by assisting PAG in strategic planning.
  • Why Offer Wealth Management ServicesThrough Trusted AdvisorsCertified Public Accountants, lawyers, agents, business managers, family offices and other trusted professionals are often a high net worth clientsmost trusted advisor. Their position of trust gives them the unique abi ity to advise clients on financial affairs in addition to their respective areaof expertise,As professional advisors with whom clients discuss their most important business and f nanclal situations, these professionals are a naturalfit for therole of central coordinator of various client needs, including WeaLth Management services, lt rs on y ogical that clients would wish their professionaladvisor to become an integral part of their investments, The professionas invo vement in the process of frnancial advice allows him or her tostrengthen and enhance client relationships,Which Wealth Management Services ApproachShould You Take?Your choice of a service model will depend on a number of variables, including the types of clients you represent, your firms slze and the commitmentand training of your staff in the wealth management business. For reference, we have provided an overview of different models in this brochure.Financial Services AlternativesThere are several platforms from which CPA and other professionalfirms deliver financial services to their clients,Below are the aspects of each platform. Establlsh Financial Services Affiliate with Establish RIA; Select Relationship Partner First Steps Limited Liability Corporation Broker Dealer (B/D) (SEC or State Regulated) (lnsurance & Securities) (LLC) Series 7 & 66; Series 7 & 66; Series 7 & 66; Typical Licensing Series 65 lnsurance lnsurance I nsu ra nce Fee-Based Advisory Programs; Fee-Based Advisory Programs; Fee- Based lnsurance Transactions; Services Available Com mission-Based Comm ission-Based Advisory Programs Some Asset Management I nsu rance Transactions I nsu rance Tra nsactions Earnings Potential High Medium Medium/High HighThe financial cost and use of resources to your firm depend upon the type of platform you select. ln addition, you may not know how hands-on a particularprogram may be.Wealth Management AlternativesAligning with a full service Broker/Dealer enables you to fully leverage the abilities, experience and resources of yourWealth Management affiliation.ln addition to your FinancialAdvisor, your clients will be able to meet with other 0ppenheimer professionals who can assist them with their retirement plans,advise executives at privately and publicly held companies, liaise with trust and estate administration and provide access to alternative investments forqualifying high net worth individuals as well as select insurance and annuity providers.
  • A Select Group :eting the challenge of building and servicing an association of a financial firm with a CPA, legal or management firm also requires the involveme:i : righly experienced professionals. Our member firms work only with those Oppenheimer & Co. lnc. Financial Advisors whom PAG has selected throuc . :emanding screening process. ::G selects FinancialAdvisors to participate in the ProfessionalsAlliance Group on the basis of their tenure within the investment industry, their prior -,clvement with accounting and other professronal firms and their experience in consulting with high net worth investors, - addition to these qualifications, PAG prefers for PAG FinancialAdvisors to complete or be in the process of completing some form of advanced academic :-rgram in the financialarena such as the Chartered lnstitute of ManagementAccountants (CIMA)designation, the CFP@ designation awarded by Certifiec : iancial Planner Board of Standards, the Chartered FinancialAnalyst designation from the CFA lnstitute or a Masters degree in Business Administration. Extensive Support lecause an open dialogue among all parties is critically rmportant, the Professionals Alliance Groups business model is predicated on developing a firm-to-firm" relationship. PAG member firms recelve extensive support, including training and marketing seminars, held either onsite or in our New /ork offices. ln addrtion, the Financial Advisor responsible for working with each organization may spend a great deal of time working with clients :nsite, either alone or accompanied by a member of Oppenheimers Senior Management. Timeline for Establishing a Wealth Management Program re typical timeline to implement a wealth management program is 6 to B weeks. Regardless of how you decide to structure your program with PAG, ,ou should take care to include several key elements. Weeks 34 8l Appoint Firm Champion d> I .l::::l;Hil:,?.Tiflii"il#lTflJ::.1i:i Due Diligence ] + I ,, Research which program/platform to align with 1 Establish Financial Services Entity d> ", Determine which model is best for your firm L- Staff Updates i-Receiveweeklynewsletters,firmmarketingpieces, i I anoclientnotifications License Training and Exam Client ldentification/ Client Meetings 0ngoing Training - Why Consider the Professionals Alliance Group?i" PAG has helped professional advisory firms across the country develop Wealth Management businesses. Our own growth stems from the ability to provide a tailored yet flexible program for trusted professionals as opposed to imposing a prefabricated investment model upon individual clients. ln short, the 0ppenheimer & Co. lnc. FinancialAdvisors who work with the ProfessionalsAlliance Group work with their member firm clients in the same manner in which they work with their own clients at Oppenheimer. We understand your profession and provide member firms with a time-efficient approach to Wealth Management. Our dedicated Financial Advisors are extremely knowledgeable;they bring your clients years of experience, as opposed to the latest "hot idea."
  • A Select Group leeting the challenge of building and servicing an association of a financial firm with a CPA, legal or management firm also requires the involvementtf highly experienced professiona s. Our member firms work only with those Oppenhermer & Co, lnc. Financial Advisors whom PAG has selected througha demanding screening process.PAG selects FinancialAdvisors to participate in the Professionals Allrance Group on the basis of therr tenure within the investment industry, their priornvolvement with accounting and other professional firms and their experience in consulting with high net worth investors.n addition to these qualifications, PAG prefers for PAG FrnancialAdvisors to complete or be in the process of completing some form of advanced academicprogram in the financial arena such as the Chartered lnstitute of ManagementAccountants (ClMAf designation, the CFP@ designation awarded by CertifiedFinancral Planner Board of Standards, the Chartered FinancialAnalyst designation from the CFA lnstrtute or a Masters degree ln BusinessAdminrstration.Extensive SupportBecause an open dialogue among all parties is critically imporlant, the Professionals Alliance Groups business model is predicated on developing a"firm-to-firm" relationship. PAG memberfirms receive extensive support, including lraining and marketing seminars, held either onsite or in our NewYork offices. ln addition, the Financial Advisor responsible for working with each organization may spend a great deal of time working with clientsonsite, either alone or accompanied by a member of 0ppenhermers Senior Management.Timeline for Establishing a Wealth Management ProgramThe typical timelrne t0 implement a wealth management program is 6 to 8 weeks. Regardless of how you decide to structure your program with PAG,you should take care to include several key elements. Weeks 34Appoint FirmChampion +> The First Step is identifying an internal resource dedicated to leading the financial services effortDue Diligence d> Research which program/platform to align withEstablish FinancialServices Entity d> Determine which model is best for your firm Receive weekly newsletters, firm marketing pieces,Staff Updates and client notificationsLicense Trainingand Exam r+> Licensing and Training are important to delivering quality service .otpon.nuClient ldentification/ ldentitying potential clients and initiatingClient Meetings =+> meetings require a sound marketing approachOngoing Training +> Continuous training and staff updates provide value-added services that increase retentionWhy Consider the Professionals Alliance Group?PAG has helped professional advisory firms across the country develop Wealth Management businesses. Our own growth stems from the ability toprovide a tailored yet flexible program for trusted professionals as opposed to imposing a prefabricated investment model upon individual clients. lnshort, the Oppenheimer & Co. lnc. Financial Advisors who work with the Professionals Alliance Group work with their member firm clients in the samemanner in which they work with their own clients at Oppenheimer.We understand your profession and provide member firms with a time-efficient approach toWealth Management. 0ur dedicated FinancialAdvisors areextremely knowledgeable;they bring your clients years of experience, as opposed to the latest "hot idea,"
  • Oppenheimer & Co. lnc.Wealth Management CapabilitiesOppenheimer & Co. lnc ("Oppenheimer") a leading investment bank and fuil-service investment firm that provides financial services and isadvice to high net worth investors, rndividuals, businesses and institutions. For overl 25 years, we have provided investors with the necessaryexpertise and insight to meet the challenge of achieving their financial goals. Our commitment to our clients investment needs, our experiencedand dedicated professionals and our proud tradition empower us to deliver effective and innovative solutions to our clients.Oppenheimer Asset Management Products and ServicesOur goal is to create sound and objective strategies that prepare Executive Seruices Group. Like any other lnvestors, high net worthclients for the long term. By aligning with Oppenheime; trusted executives want to get the most from their portfolio while minimizingprofessionals such as CPAs become able to sit on the same side of the risk. However, they may face tax and regulatory constraints that maketable with their client and the Financial Advisor; objectively filtering traditional methods of diversifying assets unfeasible. The Executivelhrough third party money managers and other types of investment Services Group was formed to service corporate executives and highstrategies. The groups that assist in achieving this task include: net worth individuals who own restricted and control stock. lt offers a range of sophisticated strategies to protect and enhance the valueThe Consulting Group: This group provides two programs that help of ones assets. Executive Services can also assist corporations withclients implement strategies specific to their needs. Clients have its Employee Stock Option Programs by providing financing for itsaccess to Mutual Fund wrap accounts through the Portfolio Advisory employees and executives.Services (PAS) program and Separate Account Money Managersthrough the lnvestment Advisory Services (lAS) program. ln each Oppenheimer Trust Company. OTC is a limited purpose bank thatcase, 0ppenheimer Asset Management performs extensive due works wrth individuals, families, charrties and foundations" It wasdiligence to identify the mutual funds or separate account managers chartered to provide fiduciary services such as trust and estatethat it feels are the best within their market segment. administration and investment management. Establishing a trust is a reliable way to help assure that your assets are managed andOppenheimer lnvestment Advisors. OIA utilizes a rigorous and distributed the way you want. OTC also assists our Financialdisciplined approach to create and maintain risk-averse investment Advisors in addressing two issues of great concern to high netstrategies with a long{erm perspective. lt believes in a rigorous and worth individuals: control and continuity of service.disciplined investment process, combining a long-term perspectivewith an emphasis on principal protection and risk management. The Retirement Seruices. Ihis group serves as a resource for Oppenheimergroup helps to determine financial objectives over the long term. FinancialAdvisors who establish and maintain all types of lndividual Retirement Accounts (lRAs) as well as qualified and non-qualifiedAlternative lnvestments Group*. Non-traditional strategies are an retirement plans. For individuals, we consult on the selection of anessential part of a sophisticated investors portfolio. Where appropriate traditional or Roth lRA. For employers, our services includeappropriate, alternalive investments provide diversrfication and may retirement plan design, administrative vendor search, investmenthelp to reduce an investors overall investment risk. The Alternatrve selection, performance monitoring and employee communications.lnvestments Group has extensive knowledge and has performedresearch on a variety of products, including single-manager hedge Oppenheimer Life Agency, Ltd.. OLA is a wholly owned subsidiaryfunds, fund of funds, registered funds, private placements and of Oppenheimer & Co. lnc. lt is able to offer a wide variety of qualitydomestic and offshore funds. products maintaining relationships with more than 80 leading insurance companies. Through the consultative approach driven by*Alternative investmenrs, such as Hedge the coordination of its annuity team and its strategic partners, OLA Funds, Fund of Funds andPrivate Equiry are made available only to qualified investors and provides clients with sophisticated planning techniques that seek toinvolve varying degrees of risk. help them achieve their long-term financial goals.