AdvisorEsq: Recent Episodes
AdvisorEsq
Practicing attorney Matt Baum, Esq. discusses legal issues affecting financial advisors, broker-dealers, and investment advisers in down-to-earth way. Matt is a Partner at Ellenoff Grossman & Schole LLP, a law firm located in NYC with more than 125 attorneys.
ATTORNEY ADVERTISING. PAST RESULTS DO NOT GUARANTEE FUTURE OUTCOMES. NONE OF THE CONTENT IN THIS PODCAST SHALL BE CONSTRUED AS LEGAL ADVICE NOR DOES IT CREATE AN ATTORNEY/CLIENT RELATIONSHIP. THE INFORMATION PRESENTED ON THIS PODCAST IS FOR GENERAL INFORMATIONAL PURPOSES ONLY AND SHOULD NOT BE RELIED ON FOR ANY PURPOSE. THE OPINIONS CONTAINED IN THE PODCAST ARE NEITHER ENDORSED NOR OFFERED BY ELLENOFF GROSSMAN & SCHOLE LLP.
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On this episode, we have Part 2 of our “cross-examination” of Marc Cohen, an Executive Vice President at LPL Financial. In our conversation, Marc builds on his outstanding insights that we heard in Part 1 and discusses:
- How firms keep up with ever changing technology
- What the industry could be doing better to attract younger talent into the industry
- Independent firms and FA training
- Legal issues Marc is seeing impacting on the industry;
- The best business advice Marc received and more…
ATTORNEY ADVERTISING. PAST RESULTS DO NOT GUARANTEE FUTURE OUTCOMES. NONE OF THE STATEMENTS IN THIS PODCAST SHALL BE CONSTRUED AS LEGAL ADVICE, INVESTMENT ADVICE, OR TAX ADVICE. LISTENING TO THIS PODCAST DOES NOT CREATE AN ATTORNEY/CLIENT RELATIONSHIP. THE CONTENT PRESENTED HERE IS FOR GENERAL INFORMATIONAL PURPOSES ONLY AND SHOULD NOT BE RELIED ON FOR ANY PURPOSE.
On this episode, we have Part 1 of our “cross-examination” of Marc Cohen. Marc is an Executive Vice President at LPL Financial. In our conversation, we discuss:
- How Marc’s role at LPL has changed since he started in 2018;
- LPL's different affiliation models;
- Advice Marc would give to advisors frustrated at their current firm;
- How advisors can navigate all of the different broker-dealer/RIA models available in the marketplace;
- Marc’s opinion on the biggest challenges facing the industry; and
- Marc’s observations on the significant M&A activity that has occurred.
ATTORNEY ADVERTISING. PAST RESULTS DO NOT GUARANTEE FUTURE OUTCOMES. NONE OF THE STATEMENTS IN THIS PODCAST SHALL BE CONSTRUED AS LEGAL ADVICE, INVESTMENT ADVICE, OR TAX ADVICE. LISTENING TO THIS PODCAST DOES NOT CREATE AN ATTORNEY/CLIENT RELATIONSHIP. THE CONTENT PRESENTED HERE IS FOR GENERAL INFORMATIONAL PURPOSES ONLY AND SHOULD NOT BE RELIED ON FOR ANY PURPOSE.
On this episode, we continue our “cross-examination” of Louis Diamond, President of Diamond Consultants. In our conversation, we discuss:
- Recruiting challenges facing terminated advisors;
- How Diamond Consultants started in podcasting;
- Top motivations of advisors contemplating transitions;
- If Louis was a financial advisor, what type of firm he would seek;
- What firms are offering the biggest monetary deals and how they’re being structured; and
- Diamond Consultants involvement in M&A work.
ATTORNEY ADVERTISING. PAST RESULTS DO NOT GUARANTEE FUTURE OUTCOMES. NONE OF THE STATEMENTS IN THIS PODCAST SHALL BE CONSTRUED AS LEGAL ADVICE, INVESTMENT ADVICE, OR TAX ADVICE. LISTENING TO THIS PODCAST DOES NOT CREATE AN ATTORNEY/CLIENT RELATIONSHIP. THE CONTENT PRESENTED HERE IS FOR GENERAL INFORMATIONAL PURPOSES ONLY AND SHOULD NOT BE RELIED ON FOR ANY PURPOSE.
On this episode, we have Part 1 of our “cross-examination” of Louis Diamond. Louis is the President of Diamond Consultants, a well-known financial advisor recruiting firm. In our conversation, we discuss:
- Louis’ training for his first marathon;
- How Diamond Consultants works with advisors;
- Louis’ favorite aspect of recruiting;
- His least favorite part of recruiting;
- The most complicated deal he ever worked on;
- Legal issues that most frequently occur in his recruiting efforts; and
- Louis’ opinion on the difference in transition success observed in Protocol vs. non-Protocol moves.
ATTORNEY ADVERTISING. PAST RESULTS DO NOT GUARANTEE FUTURE OUTCOMES. NONE OF THE CONTENT IN THIS EPISODE SHALL BE CONSTRUED AS LEGAL, INVESTMENT, OR TAX ADVICE. THE CONTENT IN THIS EPISODE DOES NOT CREATE AN ATTORNEY/CLIENT RELATIONSHIP. THE INFORMATION PRESENTED IN THIS EPISODE IS FOR GENERAL INFORMATIONAL PURPOSES ONLY AND SHOULD NOT BE RELIED ON FOR ANY PURPOSE. THE OPINIONS CONTAINED IN THIS EPISODE IS NEITHER ENDORSED NOR OFFERED BY ELLENOFF GROSSMAN & SCHOLE LLP.
In this episode, Matt discusses client data "ownership." In connection with transitions, it is important to understand who "owns" the data and what client information can actually be taken upon departure.
ATTORNEY ADVERTISING. PAST RESULTS DO NOT GUARANTEE FUTURE OUTCOMES. NONE OF THE CONTENT IN THIS EPISODE SHALL BE CONSTRUED AS LEGAL, INVESTMENT, OR TAX ADVICE. THE CONTENT IN THIS EPISODE DOES NOT CREATE AN ATTORNEY/CLIENT RELATIONSHIP. THE INFORMATION PRESENTED IN THIS EPISODE IS FOR GENERAL INFORMATIONAL PURPOSES ONLY AND SHOULD NOT BE RELIED ON FOR ANY PURPOSE. THE OPINIONS CONTAINED IN THIS EPISODE IS NEITHER ENDORSED NOR OFFERED BY ELLENOFF GROSSMAN & SCHOLE LLP.
In this episode, Matt walks through FINRA Rule 8210, the rough equivalent of FINRA's subpoena power over Member firms and registered persons. Matt discusses the various steps involved in addressing an 8210 request as well as a practical overview of some of the considerations in responding to one.
For more information, please visit us at AdvisorEsq.com.
ATTORNEY ADVERTISING. PAST RESULTS DO NOT GUARANTEE FUTURE OUTCOMES. NONE OF THE CONTENT IN THIS EPISODE SHALL BE CONSTRUED AS LEGAL, INVESTMENT, OR TAX ADVICE. THE CONTENT IN THIS EPISODE DOES NOT CREATE AN ATTORNEY/CLIENT RELATIONSHIP. THE INFORMATION PRESENTED IN THIS EPISODE IS FOR GENERAL INFORMATIONAL PURPOSES ONLY AND SHOULD NOT BE RELIED ON FOR ANY PURPOSE. THE OPINIONS CONTAINED IN THIS EPISODE IS NEITHER ENDORSED NOR OFFERED BY ELLENOFF GROSSMAN & SCHOLE LLP.
In this episode, Matt provides his hot take on FINRA's first Regulation Best Interest (Reg BI) Enforcement settlement. Is this settlement a game changer? What can we glean from this settlement as to how excessive trading cases under Reg BI will be treated going forward?
For more information, please visit us at AdvisorEsq.com.
ATTORNEY ADVERTISING. PAST RESULTS DO NOT GUARANTEE FUTURE OUTCOMES. NONE OF THE CONTENT IN THIS EPISODE SHALL BE CONSTRUED AS LEGAL, INVESTMENT, OR TAX ADVICE. THE CONTENT IN THIS EPISODE DOES NOT CREATE AN ATTORNEY/CLIENT RELATIONSHIP. THE INFORMATION PRESENTED IN THIS EPISODE IS FOR GENERAL INFORMATIONAL PURPOSES ONLY AND SHOULD NOT BE RELIED ON FOR ANY PURPOSE. THE OPINIONS CONTAINED IN THIS EPISODE IS NEITHER ENDORSED NOR OFFERED BY ELLENOFF GROSSMAN & SCHOLE LLP.