The adviser's REGISTRATION status is listed below. BrokerCheck is a free tool which is part of FINRA's ongoing efforts to help investors make informed choices about brokers and brokerage firms. #102, San Antonio, TX 78247 Phone Number 210-491-2319. See SEC Rule 203(b)(3) 1 (17 CFR 275.203(b)(3) 1). Established in 2010, Platinum Wealth Solutions of Texas, LLC, is a financial advisory agency that serves San Antonio and neighboring communities. Firms having met these requirements may further elect to participate in the investor.com Certification program for an annual fee paid to investor.com. What happened? With respect to such information, investor.com cannot and does not independently verify, audit, validate, assess or guarantee the adequacy, accuracy, or completeness of such information; such information is not included or otherwise incorporated within investor.com's Trust Score algorithm or review process. See SEC Rule 203(b)(3) 1 (17 CFR 275.203(b)(3) 1). See Investment Advisers Act of 1940, Section 203A(a)(2), SEC Rule 203A-3 (17 CFR 275.203A-3), and FAQs 1.A.3 and 1.A.4 for definitions of these terms. Firm recommends securities or other investment products to advisory clients in which the firm or a related person has some other proprietary (ownership) interest that isnt related to trading or holding the security or securities themselves personally. If you feel your current plan may be outdated, youre not alone. Please consult legal or tax professionals What conflicts do I need to be made aware of? Arbitrators and Mediators; Bail Bonds; . Sensitive information sent over an HTTP connection can easily be eavesdropped on by third-parties. Where you are now. This client test is measured with respect to all of an IARs clients nationwide, and compliance with the 5-client and 10% test is to be determined at all times (rather than periodically) with respect to current clients. Neither the firm nor its agents may give tax advice. There is no such thing as a perfect financial plan, no secret sauce, no magic eight ball. If you would like to submit a question for Brooklynn to answer on the show each week, send it to info@texasfinancialadvisory.com. No. 210-530-1292 We're looking forward to using our expertise to help you pursue your financial goals. (This applies to an investment adviser with its principal office and place of business in Wyoming.). This is a requirement for becoming licensed in Texas. What does this mean and why is it important? The opinions expressed and Similarly, registration is terminated if the renewal fee is not timely paid. They are given for informational purposes only and are not a solicitation to buy or sell any of the products mentioned. Her listeners can hear about how it can help them reduce their taxes and provide a secure and predictable income for their future. 1503835 - 10/22, Disclosures | Privacy Policy | Terms of Use | Form CRS. Questions to ask Should I Hire a Financial Advisor or DIY It? Hand picked by an independent editorial team and updated for 2023. Many new financial advisors start out by working with family, friends and former co-workers. Client in this context has the same meaning as that discussed in FAQ 1.A.11. As a general matter, an account over which an adviser has discretionary authority and for which it provides ongoing supervisory or management services receives continuous and regular supervisory or management services. Texas Financial Advisory manages $85.4 million and provides investment advisory services for 213 clients (1:53 advisor/client ratio). As a result, unlike hedge funds, there is no historical performance for any financial advisory firm. Working with a trusted financial advisor can be a great way to get your finances on track. Any comments regarding safe and secure investments, and guaranteed income streams refers only to fixed insurance products. Why should an individual hire a financial planner? See SEC Rule 203A-2 (17 CFR 275.203A-2. Section 19.C ofthe Actprovides the penalties for late filings. Often, the difference between a firm financial strategy and no strategy is someone like me a professional who can offer insight, knowledge, and guidance. Every so often, youll hear about Social Security benefits running out. Financial professionals should disclose all positions they hold (or have sold short) that they will also be recommending to their clients. What does this mean and why is it important? Please reach out if you feel your portfolio could use a little more care and attention. Each investment adviser representative (IAR) providing investment advisory services to a Texas resident must also register. Get Listed. If a Form ADV is used, the DO must be named as an officer, partner or sole proprietor on Schedule A of Form ADV. What does this mean? What does this mean and why is it important? However, a notice filing and fee are required. Questions to ask The Firm's Certificate of Registration is now available electronically and must be accessed from our website atwww.ssb.texas.gov/securities-professionals/certificate-search. Terms of Use | Disclaimers | Privacy Policy. Regulatory disclosures state that firm sells proprietary investments and products. Thereafter, additional filings and fees are required both annually and on amendment of the advisers Form ADV. 1503835 - 10/22. Texas Tax Advisory Business Management Ms. Brooklynn Chandler Willy, Managing Member Contact Information Principal Ms. Brooklynn Chandler Willy, Managing Member Customer Contact Ms. Brooklynn. Well learn whats most important to you and review your current financial situation. Compensation in this context includes any economic benefit, whether or not in the form of an advisory fee, and need not be paid directly, but can be provided by a third party. If an investment adviser does not have a place of business (See FAQ 1.A.10) located in Texas and, during the preceding 12 month period, had no more than five clients (See FAQ 1.A.11) who are Texas residents, the investment adviser is not required to register with the Texas Securities Commissioner. Guidance on whether an adviser provides an account with continuous and regular supervisory or management services is provided in the Instructions for Item 5 of Form ADV. Registration with FINRA is not a prerequisite to registration with Texas. Generally, investment advisers with $25 million or more in assets under management (See FAQ 1.A.2) registered with the SEC. The Texas State Securities Board joined other state securities regulators and the U.S. Securities Exchange Commission (SEC) in jointly announcing a settlement in principle with Nexo Capital, Inc. (Nexo). You can support each other and learn from each other as you take the required exams to earn your securities licenses. When picking your classes, choose those that will help you as you build your financial planning practice, such as: Find a firm willing to sponsor you. Federal law and SEC Rule 203A-2 provide that certain advisers register with the SEC rather than with any state. Established in 2009, Austin Private Wealth is an independent fee-only financial advisory firm serving families, affluent individuals, and business owners throughout Texas and nationwide. Our Sister CompanyTexas Financial Advisory. Also available is a currently updated, but unofficial edition of theElectronic Code of Federal Regulations (e-CFR). Yes, the Agency has a process for an applicant for registration (or the applicants firm) to request and obtain a waiver from one or more of the examination requirements set forth in Rule 116.3 if certain criteria are met. Camp Tax & Wealth Partners LLC is a financial advisory firm that serves individuals, families, and businesses in and around Tyler. BrokerCheck is a free tool which is part of FINRA's ongoing efforts to help investors make informed choices about brokers and brokerage firms. We will be happy to speak with you, take a look at your unique financial situation, and discuss your goals. While this allows for a broader range of investment options and management styles to be offered by a firm, it can create an incentive for the firm to put their financial interests ahead of your own. Firm or one of its employees previously has been subject to a suspension or expulsion or other restriction of activities by a Self-Regulating Organization or commodities exchange. No. Yes, for example, certain of the civil liability provisions of Sections 33 and 33-1 and the penal provisions in Section 29 ofthe Actwill still apply to you, including the antifraud provisions of Section 29.C. Ask our clients what made them choose us and youre likely to get many different answers. What does this mean and why is it important? What does this mean? Annuity guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. any other location that is held out to the general public as a location at which the IAR provides investment advisory services, solicits, meets with, or otherwise communicates with clients. Other documents are submitted directly to the TSSB. Continuing education requirements. What does this mean? What needs to be done to get you there. She is based in San Antonio, Texas, and works with individuals and families. Do you ever listen to others talk about their investments, retirement plans, funds, or accounts, and wonder how they do it? Is a mid-size firm that has assets under management of $25 million or more but less than $100 million and the adviser is (1) not required to be registered as an adviser with the state securities authority in the state where it maintains its principal office and place of business, or (2) not subject to examination by the state securities authority of the state where it maintains its principal office and place of business. Is an adviser (or a subadviser) to an investment company registered under the Investment Company Act of 1940 or a company which has elected to be a business development company pursuant to Section 54 of the Investment Company Act of 1940 and has not withdrawn the election. Is your firm affiliated with a law firm in any capacity? "Trusted by investor.com" status is reserved to those financial advisor firms meeting investor.com's strict requirements, beginning with earning no less than a 4.5 to 5 -star rating based on investor.com's independent Trust algorithm analysis. Investment advisers who are private fund advisers have different requirements. Civ. What does this mean and why is this important? A notice filing is accomplished by filing Form U-4 for each investment adviser representative through CRD. See SEC Rule 203A 1 (17 CFR 275.203A 1). Questions to ask Yes, the Gramm-Leach-Bliley Act prohibits a financial institution from disclosing nonpublic personal information about a consumer to nonaffiliated third parties, unless certain notice and opt-out requirements have been met. The filing is made by completing theUniform Application for Investment Adviser Registration(Form ADV Part 1 and Part 2) on behalf of the RIA, and the Uniform Application for Securities Industry Registration or Transfer (Form U4) for each Investment Adviser Representative (IAR). However, only a supervised person who is an investment adviser representative (See FAQ 1.B.2) and has a place of business (See FAQ 1.B.6) in Texas is required to register with Texas. What does this mean? Click here to see the total pay, recent salaries shared and more! Cole. A solicitor of a Texas-registered investment adviser must register with the Texas Securities Commissioner and meet all state registration requirements contained inthe Actand Rules. Until an adviser files its Form ADV-W, it remains subject to SEC regulation, and also regulation in the states in which it must register. Each state has different laws, so heres how to become a financial advisor in Texas. Each month, investor.com helps thousands of Americans answer the question, "Can I trust you?". In Texas, you must take the following exams to become a financial advisor: You are exempt from taking these exams if you have one of the following professional designations: Many financial advisors also earn insurance licenses in order to offer life insurance, annuities and related products to their clients. A federal regulatory agency, a state regulatory agency, or a foreign financial regulatory authority other than the SEC or CFTC has found firm or an advisory affiliate to have been involved in a violation of investment-related statutes or regulations. *SEC data last verified May 17, 2022. 2 talking about this. What you need. Search 26717 in Texas and find an advisor near you with the US News Advisor Finder. A person who was registered as an investment adviser or investment adviser representative on or before December 31, 1999, provided the person has maintained a registration as an investment adviser or investment adviser representative with any state securities administrator that has not lapsed for more than two years from the date of the last registration; Applicants who are certified by the Association for Investment Management and Research, or its predecessors, the Federation of Chartered Financial Analysts or by the Institute of Chartered Financial Analysts, to be chartered financial analysts (CFA); Applicants who are certified by the Certified Financial Planner Board of Standards, Inc., to be certified financial planners (CFP); Applicants who are designated by the American Institute of Certified Public Accountants as accredited personal financial specialists (PFS); Applicants who are designated by the Investment Counsel Association of America, Inc., as Chartered Investment Counsel (CIC); or. We invite you to discover and experience the power of our services. As a financial advisory firm, Texas Financial Advisory can provide a variety of financial planning services for Americans. Firm or an advisory affiliate was previously found to have made false statements, omissions, or being dishonest and unfair by a regulatory agency other than the SEC or CFTC. Pay Texas investment advisor fee. Once youve passed your exams, you may begin seeing clients. If you are interested in learning more about the company and how it can benefit you, please visit their website. If you dont take the required classes on time, your licenses could be suspended or revoked. To avoid paying penalties, a new application can be submitted. Firm or a related person recommends the purchase of securities where the firm or a related person serves as an underwriter or general or managing partner. Dallas, Texas, United States. Any Texas-registered representativewho has been designated as such by the firm. What you need. In the past 10 years, a domestic or foreign court has issued an injunction against the firm or an advisory affiliate in connection with an investment-related activity. While most financial advisors can provide at least some assistance with . See Rule 116.1(b)(2)(A)(iv). But is there truth to the fears, or is it all hype? It caters to various clients, including business owners, mature families, pre-retirees and retirees, and young professionals. Most financial advisors have a college degree where they learned basic business concepts and knowledge of financial markets. Questions to ask Each year, you must pay a fee for your investment advisor registration with the state of Texas. Investment advisory services made available through AE Wealth Management, LLC (AEWM).AEWM and Texas Financial and Retirement are not affiliated companies. This is because we lead with integrity, and we believe everyone deserves best-in-class financial advice. Menu burger Close thin Facebook Twitter Google plus Linked in Reddit Email arrow-right-sm arrow-right Loading Home Buying Calculators Firm performs side-by-side management with accounts that have differing fee structures. We believe in helping you assess your financial goals and participate in the management of your finances. See Rule 116.1(b)(2)(C) and FAQ 1.A.12. For the most up-to-date information, please view the applicable SEC and FINRA reports above. Retirement Income Planning Texas Financial Advisory Why doesnt your firm use a secure website? We believe it has far-reaching benefits for our clients to get opinions from. Section 14.A(1) and (2) ofthe Actallow the Texas Securities Commissioner to deny registration to a person: Applications showing a conviction are considered on a case-by-case basis. An Owner will also be counted as a client if the investment adviser provides investment advisory services to the Owner separate and apart from the services it provides to the entity. SeeRule 116.1(b)(2)(D). TEXAS FINANCIAL ADVISORY ( CRD # 306413 ) QUEEN B ADVISORS, LLC, TEXAS FINANCIAL ADVISORY. What does this mean? The content is developed from sources believed to be providing accurate information. Getting a degree in a related field will help you understand the challenges your clients face and allow you to find solutions to those challenges. These three factors are considered when making the determination: the terms of the advisory contract, the form of compensation, and the management practices of the adviser. Getting Started as a Registered Investment Adviser, State Securities Board Response to Coronavirus (COVID-19), Uniform Application for Investment Adviser Registration, Certification of Balance Sheet by Principal Financial Officer Form 133.18, Checksheet for Investment Adviser Registration, Notice Filings by Advisers and Representatives, Certification of Balance Sheet by Principal Financial Officer Form. Youll meet many amazing people along the way and create plans to help their financial dreams come true. We hope to hear from you soon. This designation does not require residence in Texas by the DO. These individuals could still seek to gain the trust of potential . Firm or an advisory affiliate was previously found to have made false statements or omissions by the SEC or CFTC. Detailed in Item 2 of Form ADV Part 1A, these categories include an investment adviser that: Yes. The first step in the application process is to log onto the IARD system and begin the entitlement process. Will anyone that was involved be involved with my accounts in any capacity? Supervised persons who do not, on a regular basis, solicit, meet with, or otherwise communicate with clients of the investment adviser, or who provide only impersonal investment advice, are excluded from the definition of IAR. Each month, the investor.com Trust algorithm downloads the latest regulatory data from the SEC IAPD database. What obstacles are thwarting your success., The TFA Roadmap to Financial Confidence provides guidance towards your financial goals., is a certified financial advisor who specializes in providing comprehensive retirement planning services. Within that period, the adviser must become registered in all applicable states. A break in registration status occurs if the renewal is not timely filed. Additional guidance on securities portfolios can be found in the instructions to Form ADV, Item 5.F, Calculating Your Regulatory Assets Under Management. Find and connect with the 19 Best Financial Advisors in Dallas. What does this mean and why is it important? Credit Cards. SmartAsset does not review the ongoing performance of any Adviser, participate in the management of any users account by an Adviser or provide advice regarding specific investments. 581-1 et seq. These FAQs are not intended as legal advice. We are here to help guard and protect our clients assets by offering asset protection, tax minimization and estate management. Questions to ask Our, Even as you look to begin your financial planning career, a. I strive to build strong relationships, uncover needs and goals, and provide 2021 SAWoman.com | Las Tres Muchachas LLC. Photo credit: iStock.com/goc, iStock.com/Prostock-Studio. To determine what books and records you must keep you must first determine where you maintain your principal place of business (See FAQ 1.D.3). Is a related investment adviser that controls, is controlled by, or is under common control with an investment adviser that is registered with the SEC, provided the principal office and place of business (See FAQ 1.A.1) of the affiliated investment adviser is the same as that of the SEC registered adviser. What does this mean? Our partners compensate us through paid advertising. Learn about financial planning topics. 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