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Author: rafferty

LPL Targets Cetera, Securities America and Kestra Advisors with Aggressive Recruiting Package

19:27 10 April in In the News by rafferty

April 10, 2018 By Diana Britton, WealthManagement.com To boost recruiting, LPL is offering some advisors from rival firms up to 50 basis points on all assets. LPL Financial is sweetening the recruitment deal for advisors who join from rival independent broker/dealers Cetera Financial, Securities America and Kestra Financial, offering advisors 50 basis points on assets if they join the firm’s corporate RIA and 40 basis points on assets to join hybrid offices of supervisory jurisdiction (OSJs). The incentives are in the form of forgivable notes. The enhanced recruitment package, which takes the form of a forgivable note, was announced about a week ago, according to sources familiar with the promotion. Advisors from these firms who join LPL’s corporate RIA will also get a 93 percent payout for five years as further enticement. The firm is not...

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Why the Dollar’s Era of Dominance May Be Coming to an Abrupt End

17:16 09 April in Articles Written by Jon Henschen by rafferty

April 6, 2018 By Jon Henschen, Intellectual Takeout There was a monumental event that occurred on March 26 that came and went with little fanfare but has huge implications for our everyday life. On that day, China began trading Petroyuan Futures in competition with the Petrodollar Futures. To fully understand the context of this event, it helps to go over what has historically backed the US dollar. From 1792-1843, the United States monetary policy was founded upon a bimetallic dollar, convertible to either gold or silver. With the start of the Civil War until 1879, the United States, even though still committed to a bimetallic dollar standard, was functionally on a silver standard. Between 1870 and 1879, countries like France and Germany embraced gold monometallism, ending the coinage of silver in 1873 in...