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One effect of Ron Carson's exit from LPL after 27 years: His firm disclosed the use of forgivable loans to the SEC

Carson Wealth Management is both an advisor and an advisor platform and Carson says neither he nor his firm 'took a check' in any form

Author Janice Kirkel March 3, 2017 at 10:46 PM
no description available
Ron Carson: I have never lost that continued drive to fix things that some might say were not broken.

Stephen Winks

Stephen Winks

March 6, 2017 — 7:36 PM
When George Ball introduced recruiting bonuses (Promissory Notes) as an incentive to jump to Prudential Bache in the early 80's he forever changed the industry which once was totally brand loyal. Just when Wall Street tires of recruiting bonuses, independent b/ds join the fray at the most inopportune time when fiduciary duty, advisory services and the client's best interest are on the rise, .and the SEC is frowning on the implications of promissory notes. Carson's principled use of promissory notes for the benefit of his advisors speaks well of him, yet hinders his next move in search for leadership opportunity. Tremendous pressure is placed on Cetera to create a happy home for Carson and his advisors. SCW

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Mentioned in this article:

LPL Financial
RIA-Friendly Broker-Dealer, RIA Welcoming Breakaways, Advisory Firm
Top Executive: Dan Arnold

Diamond Consultants
Recruiter
Top Executive: Mindy Diamond

Carson Group
Consulting Firm
Top Executive: Ron Carson



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