Registered Investment Adviser

GPB CAPITAL INVESTOR ALERT: KlaymanToskes Announces Preparation to File FINRA Arbitration Claim on Behalf of Investor Who Purchased GPB Capital Through Advisor of TD AMERITRADE ADVISORDIRECT® Referral Program

Retrieved on: 
Tuesday, August 3, 2021

TD Ameritrade, which was recently acquired by Charles Schwab (NYSE: SCHW), offers to help investors find a Registered Investment Advisor (RIA) through AdvisorDirect advisory service.

Key Points: 
  • TD Ameritrade, which was recently acquired by Charles Schwab (NYSE: SCHW), offers to help investors find a Registered Investment Advisor (RIA) through AdvisorDirect advisory service.
  • TD Ameritrades website makes clear that based on your personal needs, Our AdvisorDirect referral program gets you an introduction to an independent Registered Investment Advisor (RIA).
  • GPB Capital sold and marketed, non-registered private placement notes, through inadequate disclosure of illiquidity, high risks and commissions which made the investments unsuitable for most investors.
  • securities under investigation include:
    The sole purpose of this release is to investigate on behalf of our client who purchased GPB Capital private placement notes through the TD Ameritrade AdvisorDirect Referral Program.

Dynamic Advisor Solutions Partners with FeeX to Actively Manage Held-Away Accounts

Retrieved on: 
Tuesday, August 3, 2021

Dynamic Advisor Solutions dba Dynamic Wealth Advisors, a professional services provider for wealth advisors, has partnered with FeeX to provide a Premium Service option that integrates held-away accounts.

Key Points: 
  • Dynamic Advisor Solutions dba Dynamic Wealth Advisors, a professional services provider for wealth advisors, has partnered with FeeX to provide a Premium Service option that integrates held-away accounts.
  • Partnering with FeeX allows Dynamics network of advisors to actively manage and trade on their clients 401(k), 403(b) and other held-away accounts without triggering custody, empowering advisors to actively manage some of their clients largest accounts as part of a comprehensive, balanced plan.
  • FeeX is revolutionizing wealth management by making it possible for financial advisors to actively manage 401(k) and other held away accounts.
  • Investment advisory services are offered through Dynamic Advisor Solutions, LLC, dba Dynamic Wealth Advisors, an SEC registered investment advisor.

Onramp Invest Raises $6M in Seed Round to Accelerate Growth and Integration Plans

Retrieved on: 
Tuesday, August 3, 2021

Onramp is known for providing three things to RIAs -- education, access, and tools (EAT). From viewing held-away cryptoassets to enabling advisers to trade on behalf of their clients to accessing educational resources about cryptoassets at Onramp Academy, Onramp is passionate about educating financial advisers and their clients about cryptoassets by outlining the framework of crypto networks, providing advisers with client-ready materials, and conducting deep-dive research for continuing education.

Key Points: 
  • As a result of this raise, Onramp plans to expand its service offering to RIAs, explore broker-dealer registration, and increase the size of its engineering team.
  • Onramp is known for providing three things to RIAs -- education, access, and tools (EAT) .
  • I am extremely excited that we were able to participate in Onramps seed round alongside other top tier FinTech and cryptoasset investors, said Chad Fox , Managing Partner, Fox Ventures.
  • Onramp Invest is an integration platform as a service (iPaaS) technology company providing access to cryptoassets for registered investment advisers.

LPL Financial Welcomes Capstone Financial Partners

Retrieved on: 
Monday, August 2, 2021

CHARLOTTE, N.C., Aug. 02, 2021 (GLOBE NEWSWIRE) -- LPL Financial LLC (Nasdaq:LPLA)announced today that financial advisors Robert Allen, MBA, ChFC, CLU, Marcel Morin, AIF, CLTC, CFS, and April Davis of Capstone Financial Partners have joined LPL Financials broker-dealer, corporate registered investment advisor (RIA) and custodial platforms.

Key Points: 
  • CHARLOTTE, N.C., Aug. 02, 2021 (GLOBE NEWSWIRE) -- LPL Financial LLC (Nasdaq:LPLA)announced today that financial advisors Robert Allen, MBA, ChFC, CLU, Marcel Morin, AIF, CLTC, CFS, and April Davis of Capstone Financial Partners have joined LPL Financials broker-dealer, corporate registered investment advisor (RIA) and custodial platforms.
  • LPL Financial (Nasdaq: LPLA) was founded on the principle that the firm should work for the advisor, and not the other way around.
  • Member FINRA/ SIPC
    Throughout this communication, the terms financial advisors and advisors are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial LLC.
  • Capstone Financial Partners and LPL Financial are separate entities.

Focused Wealth Management Ranked as Top 100 Financial Advisor in New York by investor.com

Retrieved on: 
Monday, August 2, 2021

Focused Wealth Management , an investment management firm serving clients in the individual, corporate, retirement plan, endowment and foundation marketplaces, has been ranked by investor.com as one of the states top 100 financial advisor (RIA) firms.

Key Points: 
  • Focused Wealth Management , an investment management firm serving clients in the individual, corporate, retirement plan, endowment and foundation marketplaces, has been ranked by investor.com as one of the states top 100 financial advisor (RIA) firms.
  • Philip J. DeAngelo, Managing Director of Focused Wealth Management, said, This is truly an honor to be recognized because client service is at the center of all the work we do at Focused Wealth Management.
  • Focused Wealth Management is an SEC Registered Investment Advisory firm, founded in 1994, committed to providing clients with asset management solutions and services.
  • Focused Wealth Management believes that planning for the pursuit of financial success includes applying core investment principles: portfolio diversification, risk management and disciplined long-term investing.

Axos Financial, Inc. Closes E*TRADE Advisor Services Acquisition

Retrieved on: 
Monday, August 2, 2021

Axos Financial, Inc. (NYSE: AX) (Axos or the "Company), parent of Axos Bank, announced today that it has closed its acquisition of E*TRADE Advisor Services (EAS), the registered investment advisor (RIA) custody business Morgan Stanley acquired in its acquisition of E*TRADE Financial Corporation in 2020.

Key Points: 
  • Axos Financial, Inc. (NYSE: AX) (Axos or the "Company), parent of Axos Bank, announced today that it has closed its acquisition of E*TRADE Advisor Services (EAS), the registered investment advisor (RIA) custody business Morgan Stanley acquired in its acquisition of E*TRADE Financial Corporation in 2020.
  • EAS has been rebranded Axos Advisor Services and operates as the RIA custody business within Axos Clearing LLC.
  • Axos Financial, Inc. is the holding company for Axos Bank, Axos Clearing LLC and Axos Invest, Inc. Axos Bank is a nationwide bank, with approximately $14.3 billion in assets, that provides consumer and business banking products through its low-cost distribution channels and affinity partners.
  • provide comprehensive securities clearing services to introducing broker-dealers and registered investment advisor correspondents and digital investment advisory services to retail investors, respectively.

Financial Advisor Magazine Recognizes Magnus Financial Group to Its 2021 RIA Survey and Ranking

Retrieved on: 
Friday, July 30, 2021

NEW YORK, July 30, 2021 /PRNewswire/ -- Magnus Financial Group LLC ("Magnus"), a registered investment advisory (RIA) firm, has earned further recognition within the financial services industry after earning a place on Financial Advisor Magazine's 2021 RIA Survey and Ranking for the fourth consecutive year.

Key Points: 
  • NEW YORK, July 30, 2021 /PRNewswire/ -- Magnus Financial Group LLC ("Magnus"), a registered investment advisory (RIA) firm, has earned further recognition within the financial services industry after earning a place on Financial Advisor Magazine's 2021 RIA Survey and Ranking for the fourth consecutive year.
  • In this ranking, there were over 600 RIAs listed and Magnus was one of the approximately 320 firms ranked with over $1 billion of assets under management.
  • The firms provided company data pursuant to submission guidelines as of December 31, 2020.
  • For more information on Magnus Financial Group, visit: http://www.magnusfinancial.com

First Trust Advisors L.P. Announces Distribution for First Trust Enhanced Short Maturity ETF

Retrieved on: 
Thursday, July 29, 2021

First Trust Advisors L.P. ("FTA") is a federally registered investment advisor and serves as the Fund's investment advisor.

Key Points: 
  • First Trust Advisors L.P. ("FTA") is a federally registered investment advisor and serves as the Fund's investment advisor.
  • FTA and its affiliate First Trust Portfolios L.P. ("FTP"), a FINRA registered broker-dealer, are privately-held companies that provide a variety of investment services.
  • Principal Risk Factors: The Fund's shares will change in value, and you could lose money by investing in the Fund.
  • Such exposures could cause the Fund's net asset value to experience significant increases or declines in value over short periods of time.

Mill Creek Capital Advisors Named #50 in FA Magazine’s 2021 Annual RIA Ranking

Retrieved on: 
Wednesday, July 28, 2021

Mill Creek Capital Advisors, LLC, today announced it was recognized as a top registered financial advisor (RIA) in FA Magazines 2021 Annual RIA Ranking .

Key Points: 
  • Mill Creek Capital Advisors, LLC, today announced it was recognized as a top registered financial advisor (RIA) in FA Magazines 2021 Annual RIA Ranking .
  • We are thrilled to be honored with this national achievement, said Joshua Gross, Chief Executive Officer at Mill Creek Capital Advisors.
  • About Mill Creek Capital Advisors, LLC and Important Disclosures
    Mill Creek Capital Advisors, LLC (MCCA) is an independent SEC Registered Investment Advisory firm providing wealth management solutions to its clients.
  • The trademarks "Mill Creek," "Mill Creek Capital," and "Mill Creek Capital Advisors" are the exclusive property of Mill Creek Capital Advisors, LLC, are registered with the U.S. Patent and Trademark Office, and may not be used without permission.

SEC Charges 27 Financial Firms for Form CRS Filing and Delivery Failures

Retrieved on: 
Monday, July 26, 2021

The SEC also required firms to prominently post their current Form CRS on their website, if they had one.

Key Points: 
  • The SEC also required firms to prominently post their current Form CRS on their website, if they had one.
  • Registration with the SEC as an investment adviser or broker-dealer comes with mandated filing and disclosure obligations, said Gurbir S. Grewal, Director of the SECs Enforcement Division.
  • By failing to file, deliver, and post this form, these firms deprived their clients and customers of the benefits of that information.
  • Eastside Financial Advisors LLC , a Fayetteville, New York-based investment adviser, has agreed to pay a $10,000 civil penalty.