Is United planners a broker dealer?

Is United planners a broker dealer?

United Planners is a Registered Investment Advisor with the Securities & Exchange Commission (SEC) / Registered Broker-Dealer with the Financial Industry Regulatory Authority (FINRA) / SIPC Member.

How many advisors does United Planners have?

United Planners’ Financial Services of America A Limited Partner, registered in 2000, serves 52 state(s) with a licensed staff of 141 advisors. United Planners’ Financial Services of America A Limited Partner manages $7.9 billion and provides investment advisory services for 24,354 clients (1:173 advisor/client ratio).

Who does United Planners clear through?

Pershing LLC
Order Routing Disclosure. United Planners routes 100% of our retail non-directed orders (defined as “held” orders) in National Market Systems (NMS) equities and options to our clearing broker, Pershing LLC, for further handling, routing and execution.

How do I know if my financial advisor is legit?

To check whether a financial service provider is licensed by the DFPI, and for information about various financial products and services, check the DFPI’s website at https://dfpi.ca.gov or call 1-866-275-2677.

Can financial planners steal your money?

Yes, an unscrupulous financial advisor can steal from you, so it’s important to take the time to hire a fiduciary advisor you can trust. Advisors who are registered with the SEC must act in your best interests and follow the custody rule, a set of regulations designed to safeguard your assets.

Can financial planners be trusted?

An advisor who believes in having a long-term relationship with you—and not merely a series of commission-generating transactions—can be considered trustworthy. Ask for referrals and then run a background check on the advisors that you narrow down such as from FINRA’s free BrokerCheck service.

Are financial advisors a ripoff?

If an advisor offers or guarantees returns higher than 12-15%, it is likely a scam. For example, over the last 85 years, the U.S. stock market has averaged approximately 9.5%. This return is not a “safe” return, but quite volatile, meaning there were many negative return years over the decades.

Are financial planners worth it?

A financial advisor can give valuable insight into what you should be doing with your money to reach your financial goals. But they don’t offer their advice for free. The typical advisor charges clients 1% of the assets that they manage. However, rates typically decrease the more money you invest with them.

Can a CFP steal your money?

Yes, an unethical financial advisor can be in a position to steal money from you, especially if you have given them direct access to your money. Because of this, a vast majority of reputable financial advisors never take ownership of your money to protect your best financial interests.