Ephren W. Taylor II just wanted to write books and hear his wife sing, in a manner of speaking. Problem is he needed other people's money to make that happen, nearly $11 million of other people's money. Recent SEC charges suggest he thought he could get away with just swiping it. Between 2008 and 2010 he raised money from hundreds of investors nationwide to fund what amounted to a Ponzi scheme, the SEC charged.
Specialty: transition management with retirees and business owners, full suite of financial planning and investment management services for people without the time, wherewithal or mindset to handle their financial affairs for themselves.
Designations, licenses: CFP, CIMA , Series 7, 31, 63, 65
Advisors who manage client portfolios can now benchmark themselves against each other, as the firm rolls out a suite of new tools aimed at making investment returns a top priority for clients. That may make some clients happy and some advisors cringe. It may also make the firm a bit safer from legal fallout.
Sallie Krawcheck, aka “Mrs. Clean,” is kicking off the next chapter of her long career in the wealth management industry with a position on the star-studded advisory board of Gold Bullion International, an investment platform for precious metals assets.
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Many financial advisors focus on the key baby boomer segment that is approaching retirement. With one of the largest transfers of wealth in history expected to occur over the coming decades and technology playing a larger economic role, successful advisors are looking for ways to work with younger investors....More