Posts by Essential Edge Compliance Outsourcing Services, LLC

Industry veteran Larry Roth has announced the rebrand of his wealth management consulting firm from RLR Strategic Partners to the new moniker Ascentix Partners, along with the launch of a new network of “elite consultancies” focused on accelerating growth for RIAs and other wealth management enterprises. Joining Roth in leading the Ascentix Partners Network are fellow industry…

RLR Strategic Partners is now Ascentix Partners, with a beefed-up leadership team and new network of independent consulting firms. Larry Roth, the former CEO of two of the largest independent broker/dealer networks, has rebranded his growth strategy consultancy, RLR Strategic Partners, to Ascentix Partners. In conjunction with the rebrand, Roth has also built out his…

Larry Roth is converting his firm RLR Strategic Partners, an M&A advisory and strategic consulting concern, into a network of independent consulting firms under a new name, Ascentix Partners, his company announced today.  The new operating entity will be called Ascentix Partners Network, and it will include a number of prominent executives in the advisory ecosystem…

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…