Broker/Dealer Pitches Advisers with Video

BCG Securities Inc. (BCGS), a broker/dealer and advisory firm, unveiled an adviser recruitment video.

The recruitment video was created to promote a new recruitment program, “Discover True Independence,” aimed at advisers looking to learn more about BCG Securities. The video demonstrates the firm’s commitment to its advisers through progressive technology, experienced staff, sales support and training.

Classes and training at BCGS focus on resources for business acceleration, such as how advisers can build their book of business and market to new clients, among other topics. The firm custodies assets with Pershing LLC.

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According to Jake Reardon, national sales director at BCGS, the firm has about 80 advisers and is looking to expand. Reardon describes the firm’s advisers as an eclectic group. “The lowest producer makes about $150,000 and the biggest producer makes about $3.5 million,” Reardon told PLANADVISER. “Those numbers look better than almost any out there, when you compare them to Merrill Lynch or Smith Barney.”
 

One advantage to advisers is the range of specialties BCGS offer clients, Reardon pointed out, with some advisers focusing only on qualified retirement plans, while some do nothing but financial planning, or health insurance. Yet others specialize in investment analysis or brokerage trading. “When you single out each one, it’s odd that almost everyone is successful,” Reardon said.

“The video will provide advisers with the ability to learn more about the benefits of going independent, transitioning, and the support BCG Securities provides so they can build and grow their practice, their way,” Reardon said. The video launched January 2 and has already brought in a group of consultants, he said.

The BCG Securities’ video is here.

New Fund Aims for Nontraditional Growth

Oppenheimer rolled out a fund, the Oppenheimer Diversified Alternatives fund, focused on nontraditional growth and income.

The strategy is Oppenheimer’s response to investors and advisers who have been grappling with a market environment with unconventional fixed-income challenges. Many have heard of alternatives but do not know the right allocation or how this asset class will complement a traditional balanced portfolio.

In the context of investments in a standard 401(k) plan, the fund addresses three key points: “Intelligent diversification; inflation; and maximizing savings as an incentive to help people save more,” which are crucial for the defined contribution investor, Kamal Bhatia, OppenheimerFunds’ product director of fixed income and alternatives, told PLANADVISER.

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While 401(k) plans are weighted toward equities, Bhatia said he looks at other income sources— gold mining stocks, real estate, currencies and commodities— to maximize growth, while considering the investing time frame and inflation. The fund also invests in energy MLP’s, stocks, commodities and global multi-strategy exposures.

The portfolio manager seeks to create a well-diversified core alternative portfolio by allocating assets across a wide range of alternative asset classes and strategies. The fund seeks to provide a more attractive balance between growth, income and diversification than any single strategy can provide on its own.

More information is here.

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