Two independent broker-dealers, SCF Securities and WRP Investments, joined the Broker Protocol with plans to recruit a combined 300-400 advisors over the next few years. SCF plans to grow from 180 to 500 advisors by expanding nationwide, while WRP has added 30% more RIAs in the last two years and nearly half of its 375 advisors are now RIAs. Joining the protocol will help with their recruiting efforts and means there is one less barrier for advisors moving between firms.
Serving as the president of the Philadelphia-based Insmax Insurance Brokerage, Lawrence "Larry" Koresko is a business development and financial professional with three decades of experience. In addition to his work at the Philadelphia firm, Lawrence Koresko is a member of the Association for Advanced Life Underwriting (AALU), an agency that advocates on behalf of insurance professionals.
Following an announcement in July 2019, the organization has merged with GAMA International, with 98 percent approval from both agency’s members. AALU president and CEO Marc Cadin noted how historic the vote was as it highlights a desire to unify the industry.
While an intention to merge the two organizations was announced on July 29, 2019, voting on the move was open until February 14, 2020, with members voting to dissolve the GAMA and AALU. Despite the results of the vote, leadership in both organizations have yet to release detailed information about the new organization.
Deferred Compensation News Now Available by Email SubscriptionFulcrum Partners LLC
PONTE VEDRA BEACH, FL — (July 9, 2020) Fulcrum Partners, one of the largest independent executive benefits consultancies in the U.S., announces the availability of Deferred Compensation News on a no-cost, subscription basis. Previously offered only as an online publication, Deferred Compensation News is now available for direct email delivery.
Fulcrum Partners Presenting COVID-19 Topics to CPA Firms at BDO's BRN MeetingFulcrum Partners LLC
Partner & Managing Director, Bruce Brownell, will represent Fulcrum Partners at the upcoming BDO Alliance Southeast Regional Meeting. Scheduled for June 25, the event will be conducted virtually, starting at 9:00 AM Eastern Time.
Serving as the president of the Philadelphia-based Insmax Insurance Brokerage, Lawrence "Larry" Koresko is a business development and financial professional with three decades of experience. In addition to his work at the Philadelphia firm, Lawrence Koresko is a member of the Association for Advanced Life Underwriting (AALU), an agency that advocates on behalf of insurance professionals.
Following an announcement in July 2019, the organization has merged with GAMA International, with 98 percent approval from both agency’s members. AALU president and CEO Marc Cadin noted how historic the vote was as it highlights a desire to unify the industry.
While an intention to merge the two organizations was announced on July 29, 2019, voting on the move was open until February 14, 2020, with members voting to dissolve the GAMA and AALU. Despite the results of the vote, leadership in both organizations have yet to release detailed information about the new organization.
Deferred Compensation News Now Available by Email SubscriptionFulcrum Partners LLC
PONTE VEDRA BEACH, FL — (July 9, 2020) Fulcrum Partners, one of the largest independent executive benefits consultancies in the U.S., announces the availability of Deferred Compensation News on a no-cost, subscription basis. Previously offered only as an online publication, Deferred Compensation News is now available for direct email delivery.
Fulcrum Partners Presenting COVID-19 Topics to CPA Firms at BDO's BRN MeetingFulcrum Partners LLC
Partner & Managing Director, Bruce Brownell, will represent Fulcrum Partners at the upcoming BDO Alliance Southeast Regional Meeting. Scheduled for June 25, the event will be conducted virtually, starting at 9:00 AM Eastern Time.
MakBiz.Net is an international online business directory of Macedonian Businesses and Professionals.
The premier one-stop destination for everything Macedonian, including: Businesses; Professionals; Churches; Organizations; Educational Institutions; Charities; Embassies and Consulates; Government Departments; etc.
Business Plan - Small Business Consulting SolutionsRick Koscher
The "Business Plan" by GoSamllBiz.com allows small business owners affordable access to legal services and business consultation to help run and grow their business.
State of the Special Finance Industry (2015)DealerStrong
The CEO of DealerStrong, Greg Goebel, talks about the health of the special finance industry and shows statistics of the top finance companies of 2015.
Fulcrum Partners Releases Report on Impact of SECURE Act on NQDC Plans and Im...Fulcrum Partners LLC
PONTE VEDRA BEACH, FL — (February 14, 2020) Since the SECURE Act (Setting Every Community Up for Retirement Enhancement) was signed into law by President Donald Trump on December 20, 2019, much of the resulting conversation has focused on how the new law affects various aspects of 401(k) plans.
Do you have questions in relation to the M&A transactional requirements and procedures governing Irish publicly listed companies? Do you want to keep updated on current trends and proposals for reform in this space? Madeline McDonnell (Corporate Partner) and Susan Carroll (Corporate Senior Associate) answer these questions and more in the 2019 Ireland Chapter of Getting the Deal Through: Public M&A.
Are you going to start a new company in UK? Choose from several company type options and register a company in UK with FinacBooks and earn high revenues by making a good business profile.
03.08.2018 Key Issues in Sec 363 Bankruptcy SalesExpert Webcast
MAJOR TOPICS
• Summary of Section 363 sale
• Effects on different stakeholders, benefits and burdens
• Debtor v. creditor strategies
• Traditional restructuring v. sale
• Auction and sale process
• Non-profit debtors – hospitals
• “Stalking horse” and insider bidders
• “Melting ice cube” theory
• Impact of the General Motors Chapter 11 filing
• Credit bidding – Fisker and progeny
• Bid chilling
• Making the process more efficient
Dustin Allen Smith - FINRA BrokerCheck Reportvernonhealy
BrokerCheck report for Dustin Allen Smith. It is uploaded here by Vernon Healy law firm. To learn more about your broker, please visit investigate your broker, or call us at 877-649-5394.
Franchise Opportunity
MKG Enterprises Corp is offering franchises in selected states.
Be your own boss by becoming a franchisee (“Associate")
•Initial application fee $500
•Own equity in Franchisor
(Franchise Benefits)
•ExOLI (Executive-Owned Life Insurance)
Executive-owned cash values can be withdrawn and/or borrowed to produce tax free retirement cash flow;
Death benefits paid to the executive’s family are free of income tax.
Award-winning investigative journalist Kelly Carr presents "Shell Companies and Fraud: An Investigative Primer," a free webinar hosted by the Donald W. Reynolds National Center for Business Journalism.
For more information about free training for business journalists, please visit businessjournalism.org.
GMX International magnetic water softeners are cost effective and will alleviate maintenance, deterring hard minerals from forming on your pipes, water heaters, pools, etc. More info on http://clearwatergmx.com
MakBiz.Net is an international online business directory of Macedonian Businesses and Professionals.
The premier one-stop destination for everything Macedonian, including: Businesses; Professionals; Churches; Organizations; Educational Institutions; Charities; Embassies and Consulates; Government Departments; etc.
Business Plan - Small Business Consulting SolutionsRick Koscher
The "Business Plan" by GoSamllBiz.com allows small business owners affordable access to legal services and business consultation to help run and grow their business.
State of the Special Finance Industry (2015)DealerStrong
The CEO of DealerStrong, Greg Goebel, talks about the health of the special finance industry and shows statistics of the top finance companies of 2015.
Fulcrum Partners Releases Report on Impact of SECURE Act on NQDC Plans and Im...Fulcrum Partners LLC
PONTE VEDRA BEACH, FL — (February 14, 2020) Since the SECURE Act (Setting Every Community Up for Retirement Enhancement) was signed into law by President Donald Trump on December 20, 2019, much of the resulting conversation has focused on how the new law affects various aspects of 401(k) plans.
Do you have questions in relation to the M&A transactional requirements and procedures governing Irish publicly listed companies? Do you want to keep updated on current trends and proposals for reform in this space? Madeline McDonnell (Corporate Partner) and Susan Carroll (Corporate Senior Associate) answer these questions and more in the 2019 Ireland Chapter of Getting the Deal Through: Public M&A.
Are you going to start a new company in UK? Choose from several company type options and register a company in UK with FinacBooks and earn high revenues by making a good business profile.
03.08.2018 Key Issues in Sec 363 Bankruptcy SalesExpert Webcast
MAJOR TOPICS
• Summary of Section 363 sale
• Effects on different stakeholders, benefits and burdens
• Debtor v. creditor strategies
• Traditional restructuring v. sale
• Auction and sale process
• Non-profit debtors – hospitals
• “Stalking horse” and insider bidders
• “Melting ice cube” theory
• Impact of the General Motors Chapter 11 filing
• Credit bidding – Fisker and progeny
• Bid chilling
• Making the process more efficient
Dustin Allen Smith - FINRA BrokerCheck Reportvernonhealy
BrokerCheck report for Dustin Allen Smith. It is uploaded here by Vernon Healy law firm. To learn more about your broker, please visit investigate your broker, or call us at 877-649-5394.
Franchise Opportunity
MKG Enterprises Corp is offering franchises in selected states.
Be your own boss by becoming a franchisee (“Associate")
•Initial application fee $500
•Own equity in Franchisor
(Franchise Benefits)
•ExOLI (Executive-Owned Life Insurance)
Executive-owned cash values can be withdrawn and/or borrowed to produce tax free retirement cash flow;
Death benefits paid to the executive’s family are free of income tax.
Award-winning investigative journalist Kelly Carr presents "Shell Companies and Fraud: An Investigative Primer," a free webinar hosted by the Donald W. Reynolds National Center for Business Journalism.
For more information about free training for business journalists, please visit businessjournalism.org.
GMX International magnetic water softeners are cost effective and will alleviate maintenance, deterring hard minerals from forming on your pipes, water heaters, pools, etc. More info on http://clearwatergmx.com
Interestingly, unlike general partnerships (which can come into existence without the partners being aware or even specifically trying to avoid that relationship), a limited partnership can only come into existence “when a declaration is filed with the Registrar”: s. 2(2). So what about the liability of a limited partner until that happens? Well, until the declaration is filed and accepted by the Registrar, the partnership can only be characterized as a general partnership, which imposes UNLIMITED liability on the prospective limited partner.
Also worth mentioning is that you need to have a partnership before you can have a limited partnership. This means that the basic test for forming a partnership must exist at all times – namely, that one or more parties carry on business in common with a view to profit (see s. 3 of the Ontario Partnerships Act).
Fulcrum Partners Executive Benefits Represented at BDO Alliance USA ConferenceFulcrum Partners LLC
Managing Directors Bruce Brownell and G. Scott Cahill represented Fulcrum Partners executive benefits consultancy at the 2019 BDO Alliance USA Conference. The three-day event, which commenced April 29, 2019, was being hosted at the Cosmopolitan Las Vegas.
One of the big 6 audit firms - bdo - rocks - way to goJAYARAMAN IYER
One of the Big - 6 Audit Firms - BDO - Rocks - Way to go
In the context of finding a solution when Audit Profession is at a low ebb, I see an oasis in a desert. I found Global Review 2017 Your BDO, an interesting document in resolving the issues raised on account of substandard Audits.
BDO seems to be on a good pedestal. The Technology Direction BDO has undertaken goes hand in hand with A&A - Audit and Assurance as well as Technology Advisory. It augurs well for both.
My analysis of BDO is a step ahead to include advancement and mastery over Sustainable Value System. This definitely calls for a different set of approach in structural change in client companies. It is imperative.
Measuring Ethical Assets will be of considerable importance in placing Corporate in the path of growth. Bring Ethical Assets Premium Account in Balance Sheet is the answer for committed Auditors and Corporate alike. Measuring by Corporate Governance is the solution.
Commercial real estate executives appear relatively optimistic about the general state of the market in 2016, with many predicting higher than average deal volumes for their firms. When considering the adoption of new technology, most believe that the influx of commercial real estate tech companies is revolutionizing the industry. These executives recognize that while the U.S. commercial real estate market is recovering, there are still certain segments that are poised for significant decline.
Middle Market Economic Outlook: At a GlanceCIT Group
A presentation of findings from CIT's 3rd Annual Voice of the Middle Market study. Learn more about middle market executives' perspectives on:
- The Recovery of the U.S. Economy
- The Current Lending Environment
- 2015 Hiring Expectations
- Where Growth Opportunities Exist
- The Impact of Regulations on the Sector
- The 2014 and 2016 Election Cycles
New research from InvestmentNews, sponsored by Legg Mason, approximates how the DOL fiduciary rule will set money in motion and alter business models across the advice industry.
Tom Chisholm, Fulcrum Partners, Accepted into Forbes Chicago Business CouncilFulcrum Partners LLC
PONTE VEDRA BEACH, FL — (January 9, 2020) Fulcrum Partners Managing Director & Partner Tom Chisholm has been accepted into Forbes Chicago Business Council, an invitation-only community for successful business owners and leaders in Greater Chicago.
Lendinero is a company you can trust. Lendinero helps small businesses access capital by providing a low friction process. We have prepared this packet for new customers to assure that we can gain your vote of confidence when obtaining a business loan. Literally, all of our clients have increased return on investment by utilizing our funding channels. When selecting a business loan, Lendinero is your number one choice.
1. 12/28/2010 Two IBDs aiming to aid a combined 30…
– http://www.riabiz.com/a/4611115
Two IBDs aiming to aid a combined 300-400
advisors in next several years join Broker
Protocol
Geographic expansion on tap for one; the other now looks to wirehouses
for recruiting
Tuesday 12.7.10 by by Matt Robinson
Two fast-growing independent broker-dealers have joined the Broker Protocol, with
Another new Protocol member:
Tony Fiorillo aims to close an
plans to add a combined 300-400 advisors over the next several years.
acquisition that will quadruple
the size of his firm in the first The IBDs are attracting wirehouse advisors that want to retain commission business,
quarter.
as well as insurance agents and fee-only advisors who want to broaden their
businesses.
As the number of companies signed on to the protocol swells, becoming a signatory becomes ever-more-attractive
for existing firms in expansion mode.
The protocol is a no-fault recruiting truce that allows advisors to leave one firm and, by complying carefully with the
agreement, take a list of clients with him or her.
Twenty-one firms joined the broker protocol from Oct. 5 to Nov. 5, bringing the total number of companies that have
joined to 586. To date this year, 179 firms have joined, compared with 241 over the same period . See: Broker
Protocol growth slowing; is the list reaching critical mass?
One less barrier
Signing the protocol means there’s one less barrier for IBDs that want to recruit. For the full broker-protocol list, click
here.
In the case of SCF Securities Inc., the Fresno, Calif.-based firm plans a major nationwide expansion. John Barragan,
chief operating officer at SCF, said the company, which has $500 million in AUM, plans to grow from 180 advisors to
500 in the next two years. The firm has advisors throughout the U.S. but most are in California.
“We’re looking to attract advisors who aren’t feeling the love from branch managers, advisors leaving middle market
funds and those from other IBDs,” says Barragan.
The majority of advisors at SCF are hybrids. Advisors looking to offer commission-based products have led that
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2. 12/28/2010 Two IBDs aiming to aid a combined 30…
growth. SCF continues to educate advisors on the benefits of being a hybrid. RIABiz has written about Spire, another
IBD with a similar strategy. Spire wins another hybrid with an eye on expansion.
The majority of advisors at SCF are hybrids. Advisors looking to offer commission-based products have led that
growth. SCF continues to educate advisors on the benefits of being a hybrid. RIABiz has written about Spire, another
IBD with a similar strategy.
WRP Investments Inc., based in Youngstown, Ohio, also joined the protocol. President David Pintaric said he got
tired of explaining why he hadn’t yet signed. The reason was that he hadn’t yet been attracting many wirehouse
advisors.
Boy scout motto
But, he figures that might change. “It’s the old boy scout motto: be prepared,” he says.
The company has added 30% more RIAs in the last two years. Now, almost half of its 375 advisors are RIAs.
Revenue from fee-based advisors grew from 15 percent in 2005 to 24 percent in 2010. The company has $4.8
billion in AUM.
Many of the firms joining the Protocol this time around had smaller expansions in mind.
“It puts you on amicable standing with other firms,” says Tony Fiorillo, president of Fisher, Indiana-based Asset
Management Strategies Inc., who joined the protocol. He hopes to close on an acquisition by the first quarter of
2011.
Fiorillo expects to make more acquisitions as many advisors retire. Many of these advisors have worked with their
clients for more than 30 years and want to “make sure that they’re going to be taken care of,” he says. His firm has
$50 million in AUM; with the acquisition, he’ll have roughly $200 million.
Small town accounting office
Fiorillo, who’s been in the business his whole life, worked as an accountant assistant at his father’s small town
accounting office and as branch manager for Raymond James. He’s been an RIA for the last 15 years.
Here’s the complete list of all the firms who joined. To see the complete list of all Protocol members, go to
www.riabiz.com/d. For information about how to join, see Which firms are joining the Broker Protocol, and how your
firm gets on the list.
Gill Capital Partners, Inc.
Select Portfolio Management, Inc.
Securities Equity Group
SCF Securities, Inc.
SCF Investment Advisors, Inc.
Jobes Solo Investment Group
Pactolus Holdings, LLC
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