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3 things most people get wrong about estate planning, advisor says
In the wake of the pandemic, there’s one topic that’s suddenly a lot less taboo, according to Lee Baker, a certified financial planner based in Atlanta. “We get more calls around estate planning,” said Baker, founder, owner and president of Apex Financial Services and a member of CNBC’s Advisor Council. “The last 36 months shifted the mindset,” he explained. “A lot of people have taken this opportunity to reassess.” However, there are three things families are often initially wrong about, Baker said. They believe “it’s a daunting undertaking, it’s only for rich people and it costs a ton,” he said. “None of those are necessarily true.” More from Ask an Advisor…
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Financial Advisor IQ – Content Page
The Securities and Trade Commission has billed twin-brother brokers with misappropriating a whole of extra than $5 million from advisory customers. Adam S. Kaplan and Daniel E. Kaplan engaged in a yearslong string of illegal pursuits that victimized at minimum 60 consumers, the SEC alleged in a lawsuit submitted Friday. The 35-year-old Kaplans began their brokerage careers with simultaneous registrations at Morgan Stanley in August 2016, and they jumped to Merrill Lynch in Might 2017, according to BrokerCheck. The SEC alleges that, sometime around May perhaps 2018, soon after owning been terminated by Merrill Lynch and joined New York–based IHT Wealth Management, the brothers began secretly inflating the costs they…
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Harris Williams Acts as Exclusive Financial Advisor to Thoma Bravo on its Investment in LOGEX
Harris Williams Acts as Unique Financial Advisor to Thoma Bravo on its Investment in LOGEX Harris Williams , a world-wide expenditure financial institution specializing in M&A advisory solutions, announces it acted as exceptional monetary advisor to Thoma Bravo, a leading software program investment business, on its investment decision in LOGEX, a portfolio company of Summa Fairness. LOGEX is a leading healthcare analytics company, which takes advantage of data to help health care suppliers and hospitals make improved conclusions and produce ideal well being results for patients though lowering charges. LOGEX’s current shareholders, the company’s founders, and Summa Equity will keep on being invested with the business and will do the…
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How Merrill lost a $1.5B advisor team to Sanctuary
The Chappell Wealth Management group. (L to R): Brianna Warren, Spencer D. Carlson, Brent R. Chappell, Brad C. Chappell, Michael W. Mills, Chel Larkin and Jaymie Wendt. Sanctuary Wealth When Brent and Brad Chappell were planning to leave Merrill over a year ago, a consultant referred them to an old family friend: Vince Fertitta, the president of Sanctuary Wealth. “I’ve known them and I’ve known their dad for almost 20 years,” Fertitta said in an interview. Feritta is a former Merrill veteran executive himself, and he had fond memories of the Chappells’ father Rob, who retired as an advisor from Merrill after working there for decades. At that point, the…
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Apply To Be an Investopedia 100 Top Financial Advisor
Alice Morgan / Investopedia Purposes are now open for the 2023 Investopedia 100—our position of the most influential unbiased fiscal advisors in the U.S. The software is absolutely free and will only choose a number of minutes to comprehensive. Purposes will close on May perhaps 1, 2023. Simply click here to commence your application for the 2023 Investopedia 100 Prime Money Advisor Awards. In addition to staying featured on the Best 100 listing, winners will be made available a price cut code to go to the 2023 Upcoming Evidence Wealth Convention this September in Huntington Seashore, California, where they will be invited to the formal Investopedia 100 party to celebrate…
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Financial Advisor Sentenced To 42 Months In Prison On Fraud And False Statement Charges | USAO-SDNY
Damian Williams, the United States Attorney for the Southern District of New York, announced that ADAM BELARDINO, the previous chief govt officer of the Maddox Group, was sentenced in White Plains federal court to 42 months in prison for fraud in connection with separate techniques to defraud shoppers and to fail to spend over contributions made by Maddox Team employees to the Maddox Team 401(k) system. BELARDINO had beforehand pled guilty to two counts of wire fraud and 1 depend of creating a bogus statement to a govt agency. He was sentenced today by U.S. District Decide Kenneth M. Karas. In accordance to the allegations in the Superseding Information and…
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