Jacqueline Sergeant

United States

Staff Writer at Financial Advisor

Something about stringing words together

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Articles

Can Financial Advisors Help Clients In The Romance Department?

1 month ago | fa-mag.com | Jacqueline Sergeant

Should advisors try their hand at helping retired or near retired singles who are looking for love? Count matchmaker Maryann Roberts as one who thinks it should be among an advisor's services. “Encourage your clients to get out there and meet people doing something that they like to do,” she told advisors at Robert Laura's Retirement Coaches Association virtual spring symposium on Wednesday.
Stifel Hit With Brokers' $7M Legal Bill After Losing Finra Case

1 month ago | fa-mag.com | Jacqueline Sergeant

A Finra arbitration panel has ruled that Stifel, Nicolaus & Co. failed to prove its case against a former Indianapolis broker team it accused of “raiding” its employees and business and ordered the St. Louis-based firm to fork over $7 million in legal fees.
Stifel Ordered To Pay Nearly $133M To Family Over Risky Structured Notes

1 month ago | fa-mag.com | Jacqueline Sergeant

Stifel, Nicolaus & Company Inc. has been ordered by an arbitration panel to pay a family of four investors more than $132 million for breach of fiduciary duty and negligence tied to risky investments in structured notes. The three-member panel of the Financial Industry Regulatory Authority on Wednesday awarded David Jannetti of Miami and his three children—Sarah Lyn Jannetti, Adam Jannetti and Leah Jannetti—a total of $26.5 million in compensatory damages and $79.5 million in punitive damages.
How To Approach The Couple Dynamics Of Your Clients

1 month ago | fa-mag.com | Jacqueline Sergeant

As more women become breadwinners and equal partners in their households, financial advisors will need to step up their game to win them as clients. Investment knowledge is no longer a differentiator. That was the conclusion of a recent study by New York Life Investments.
Edward Jones Wins $3.5M Award From Former Team, Commonwealth

1 month ago | fa-mag.com | Jacqueline Sergeant

An Finra arbitration panel ruled that a group of financial advisors who left Edward Jones to form their own firm is liable, along with their broker-dealer, Commonwealth Financial Network, for more than $3 million in compensatory damages and fees for alleged breach of contract and engaging in unfair competition. The panel ordered the advisory team to pay Edward Jones about $2 million in compensatory damages, of which Commonwealth is required to pay $327,600.
Raymond James Sues Ex-Intern For Alleged Smear Campaign Against Reps

Jan 15, 2025 | fa-mag.com | Jacqueline Sergeant

Raymond James & Associates, along with two of its reps, have sued a summer intern who at the end of his three-month stint allegedly waged a malicious email campaign against them after he was turned down for a full-time position at the firm. The suit against Paul T. Saba Jr. of Cincinnati was filed last week in federal court in Ohio by Raymond James and reps Timothy VanBenthuysen and Richard Redvanly, who work in the healthcare investment banking group at the firm’s Atlanta office.
What U.S. Taxpayers Should Know Before Moving Overseas

Dec 5, 2024 | fa-mag.com | Jacqueline Sergeant

Americans have long taken up residence abroad. In fact, according to the nonprofit Association of Americans Resident Overseas (AARO), about 5.5 million Americans lived in other countries last year. And that appetite to get away has not waned. After Covid, there was heightened interest among many wealthy Americans to get a second passport and establish residence elsewhere.
Ex-Steifel Advisor Gets 41 Months For $4M Healthcare Fraud

Nov 19, 2024 | fa-mag.com | Jacqueline Sergeant

A former Stifel, Nicolaus & Co. advisor was sentenced to 41 months in prison for defrauding public health insurance plans out of more than $4 million by getting reimbursements for fraudulent compound medication prescriptions, according to the U.S. Attorney's Office of District of New Jersey. Kaival Patel, 55, of West New York, N.J., also was sentenced yesterday by U.S. District Judge Edward S. Kiel to three years of supervised release and ordered to pay restitution of $4.72 million.
Ex-RBC Advisors Awarded $9.7M In Discrimination Claim

Nov 1, 2024 | fa-mag.com | Jacqueline Sergeant

A former RBC Wealth Management advisor who alleged that she was fired because of her age and gender has been awarded $9.7 million in damages by a Financial Industry Regulatory Authority arbitration panel.
How Advisors Can Combat Feelings Of Isolation Among The Wealthy

Nov 1, 2024 | fa-mag.com | Jacqueline Sergeant

The big boss and others at the top are not the only ones prone to feeling lonely and isolated. Count the uber-wealthy as part of that lot. According to a recent report from Bernstein Private Wealth Management, a New York-based investment manager with $125 billion in assets under management, nearly three-quarters (73%) of ultra-high-net-worth families feel isolated and uncomfortable talking about financial concerns with relatives, peers or even their financial advisors.