Posts by Essential Edge Compliance Outsourcing Services, LLC

TradeStation Securities’ communications violated industry rules, including falling short on describing the risks involved in investing in volatile crypto assets. The Financial Industry Regulatory Authority fined its second firm – TradeStation Securities Inc. – for a variety of shortcoming in client communications following a three-year inquiry into the practices of certain broker-dealers that actively communicate with retail customers concerning crypto…

Three large enterprises associated with IBD / Corporate RIA firms each share a different success strategy The nomenclature for firms in this segment of the independent wealth management channel has varied considerably over the years: Large enterprises, Super-OSJ groups, independent branches, independent teams, and so forth. Regardless of the terminology, these firms tend to share…

With the ongoing consolidation in the independent broker-dealer space, advisors at firms being acquired find themselves facing a critical decision: should I stay or should I go? Up-front forgivable loans and retention packages can be enough to keep advisors in place during a transition. In fact, when modeling out the finances of a deal, acquiring…

When Eric Schwartz founded what is now Cambridge Investment Research, the Fairfield, Iowa-based independent financial solutions firm, he had a clear vision of what he was building and why. In the almost 45 years since, he’s had a front-row seat to the trends and developments that have transformed the face of wealth management – and…

Executives From SageView, Perigon And American TCS Share Views On This Relatively Recent Retirement Plan Option The move away from defined benefit pension plans over the past 30 years is nearly complete. In fact, as of 2023, fewer than one in five private sector employees had access to a defined benefit plan. Such data highlights…

Meanwhile, GPB senior executives’ sentencing for fraud pushed to May. A federal judge in Brookly last week approved the release of $400 million in funds to some of the beleaguered investors in GPB Capital Holdings who have not seen a nickel or returns since 2018, when the private placement investment scheme began to unravel. Meanwhile, the sentencing of two top GPB…

Collaboration “will revolutionize the branch exam landscape,†companies explain Essential Edge, a third-party outsourced compliance services provider for broker-dealers and registered investment advisers, and RegEd, a provider of compliance solutions for financial services firms, have announced a partnership to deliver “an end-to-end outsourced solution for conducting branch exams,†the two firms outlined in a release.  Since…

WSR Honors Essential Edge, Intention.ly, Lone Willow Advisors And Seward & Kissel In Its Third Annual Recognition Of Specialist Firms In this third annual installment of the Top Wealth Management Professional Services Firms, WSR again honors the specialists who support the wealth management industry with a unique skillset, merging expertise from adjacent fields into the…

How Can Financial Advisors Best Support Clients As Severe Market Volatility Continues? Financial markets hate uncertainty. And while a healthy period of “what’s next?†is to be expected whenever new leadership takes over in Washington, this year – at least so far – has delivered a higher than average spike in market anxiety. Even as…

Crypto’s Resurgence Prompts Multiple Strategic, Operational And Legal Considerations Talk about a roller coaster ride of relevance!  Over the past few years, crypto has gone from the next big thing, to the next big bubble about to burst, only to regain a high degree of relevance for the wealth management industry once more. With that…