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- Referral
or Solicitor agreements may be appropriate for CPA's, Lawyers,
and Insurance Agents, who have the option to set themselves
up as independent advisors or brokers and prefer to outsource
the financial services component of their practice. Under
this arrangement, CPA, Lawyers, Insurance Agent refers clients
to WallStreet*E in return for a percentage of Wallstreet*E's
management fee. The fee may be one-time or ongoing (e.g.,
25% of RIA's quarterly fee).
- Solicitor
does not need to register with the SEC - though certain
states may require registration.*
-
WallStreet*E, not the solicitor, has control and responsibility
over management of client's portfolio.
For
consultation on specific questions or to receive additional
information, please email or call our Broker/Advisor Customer
Support Team at 1-888-925-5783, f.otalvaro@brokerwebstation.com
*
Certain states may require solicitors to register or notice
file as an investment advisor representative. In addition,
we recommend you consult with a securities attorney with expertise
in this area before making any final decisions about legal
issues, such as compliance, registrations, or exemptions.
* WallStreet*E is a registered broker dealer
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Institutional
