The Animal Wellness Podcast: The Bloodbath of Killing Contests #Animals2020

The Animal Wellness Podcast Episode 16

The Animal Wellness Podcast Episode 16

Animal Wellness Action Executive Director Marty Irby

Animal Wellness Action Executive Director Marty Irby

Wayne Pacelle

Wayne Pacelle

Joseph Grove

Joseph Grove

Animal Wellness Brands Logo

WASHINGTON, D.C., USA, June 6, 2020 / — by Marty Irby

Wildlife Killing Contests (WKCs) are a disgrace. And, for all the right reasons, they are under siege.

In September 2019, the Arizona Governor’s Regulatory Review Council (GRRC) voted unanimously to approve a rule initiated by the Arizona Game and Fish Commission banning WKCs for predators and other furbearing animals in the Grand Canyon State. A grassroots effort energized by concerned animal welfare advocates and even hunters, and led by Animal Wellness Action’s Lain Kahlstrom and Tina Meredith, provided the impetus for the rulemaking action.

Events like the “Santa SLAY” and “Fox Frenzy” killing contests – slaughter-fests where participants compete to win cash and prizes for killing the greatest number, the heaviest, or even the smallest of the targeted species within a certain time frame (usually 24 hours or a weekend) – soon became a closed chapter in the book of Arizona’s wildlife management history.

But the practice of killing these animals at WKCs continues across America in many other states where thousands of animals including coyotes, bobcats, foxes – and even mountain lions, badgers and coatimundi – are trying to eke out a living. These gruesome events are often intentionally concealed from the public's view. In 2020, Colorado became the sixth U.S. state to ban killing contests when it enacted a regulation prohibiting contests targeting furbearer and small game species. In 2019, Arizona and Massachusetts outlawed contests for multiple predatory and furbearing species. New Mexico and Vermont prohibited coyote killing contests in 2019 and 2018, respectively, and California outlawed the awarding of prizes and inducements for killing non-game mammals and furbearers in 2014.

Animal Wellness Action is now working in Pennsylvania to secure a ban on the practice, and is partnering with Project Coyote, an organization whose mission is “to promote compassionate conservation and coexistence between people and wildlife through education, science and advocacy.”

This week’s episode of the Animal Wellness Podcast features two guests on the show: AWA’s Lain Kahlstrom, and Project Coyote’s Camilla Fox. Fox, the organization’s founder and executive director, discussed her latest documentary production Killing Games: Wildlife In The Crosshairs, which provides a first-ever, close-up view of the killing contest subculture. With more than twenty years of experience working on behalf of wildlife and wildlands and a Master’s degree in wildlife ecology, policy, and conservation, Fox helps viewers understand what’s at stake for wildlife. Join us in listening to the episode by clicking here.

The Animal Wellness podcast is a regular segment that not only delivers timely information but offers insights and analysis you won’t hear anywhere else. We’ll offer in-depth discussions of local, state, or federal policy and elections, and the effects of laws and regulations on corporations. We hope you’ll listen today, and also check out a previous episode:

Episode 15: How Big of a Tent Can We Build As We Rally To End Factory Farming?

Wayne Pacelle is the founder of Animal Wellness Action, president of the Center for a Humane Economy, and former president of the Humane Society of the U.S. Pacelle is a two-time New York Times bestselling author of The Bond, and Humane Economy.

Marty Irby is the executive director at Animal Wellness Action. Irby worked in the United States House of Representatives for Congressman Ed Whitfield (R-KY) serving as Communications Director and Animal Protection and Agriculture Policy Advisor. He is a former president of the Tennessee Walking Horse Breeders' and Exhibitors' Association.

Joseph Grove is a freelance writer and six-time recipient of awards from the Society of Professional Journalists. His background also includes hosting a radio show called Jargon on WQMF FM in Louisville, Ky., and podcasts for Bisig Impact Group and Southern Gaming and Destinations.

Marty Irby
Animal Wellness Action
+1 202-821-5686
email us here
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Source: EIN Presswire

Virtosu Art Gallery Museum of Art Receives a Huge Donation of Modernist Paintings

abstract art gallery

38 paintings

abstract paintings

Modernist paintings

Virtosu Art Gallery 1

Virtosu Art Gallery

Virtosu Art Gallery Museum of Art Receives a Huge Donation of Modernist Paintings

We make a living by what we get, but we make a life by what we give.”

— Winston Churchill

NEW YORK, NEW YORK, UNITED STATES, June 6, 2020 / — Virtosu Art Gallery Museum of Art has made some interesting acquisitions over the past decade, but the art institution was recently handed a particularly excellent collection of Modernist works that will draw plenty of new and returning visitors by the end of 2021.

Philanthropists Kurt and Sally Burns were responsible for the gift, which includes 38 paintings by distinguished artists including Van Gogh, Picasso, Wassily Kandinsky, Piet Mondrian, Theo Van Doesburg, Robert Delaunay, and Franz Kline. “Their gift is really a godsend,” museum director Bernard Vernier told the New York Times. “It’s a blessing.”

Indeed, the partnership between philanthropists and museums is fruitful and symbiotic. If a successful organization spends years accumulating considerable assets, it's only natural that they'd want to spend some time in the downtime cultivating an admirable collection of art to signal their exquisite taste. As they get older, however, the natural next step is to pass along their art collection to a public institution: this conveys their willingness to give back to their community.

Virtosu Art Gallery Museum of Art believed it could accept donations of art by creating an art program for its constituents while increasing its endowment. Under the part-time curatorial direction of Bernard Vernier, a one-time minister, the Museum has received over 4000 donations of art that are presently valued in excess of $110,000,000.

How did the Museum find new donors and create an art education program? They put the word out on the street that donations of art would be welcome. Soon, wealthy neighbors and businesses responded by offering their art to the Museum. Reflecting on the program’s success, Mr. Bernard Vernier suggested that "people learned something about how their gifts of art could help our communities."

Alina Livneva
Virtosu Art Gallery
+1 786-408-7985
email us here
Visit us on social media:

Virtosu Art Gallery

Source: EIN Presswire


Meridian barriers protect Simon Mall location in New Jersey.

Archer 1200 Vehicle Barrier provides drop & stop mobile protection.

Mobile Barriers Lockdown Jersey Gardens to prevent vehicle assisted theft

During the height of the unrest in Los Angeles, several suspicious looking vehicles drove up to the property but then left after seeing the barriers made it impossible to get in.”

— Meridian CEO Peter Whitford

PASADENA, CA, UNITED STATES, June 5, 2020 / — When the largest outlet mall in New Jersey needed to be protected during this period of protests and looting Meridian Rapid Defense Group arrived and secured the property with its one of kind “silent security guard,” the Archer 1200 barrier.

High-end stores were being broken into and looted in nearby New York so The Mills at Jersey Gardens, a Simon property, with its many entrances, took no chances and called in Meridian to secure its perimeter.

Dominick D’Orazio Meridian’s Regional Hostile Vehicle Mitigation Specialist explained: “The 23 barriers we set up around Jersey Gardens will prevent the sort of looting we’ve seen elsewhere. These Archer barriers will prevent suspicious vehicles gaining access to the stores and parking lots because, as we saw, those looters arriving in cars and SUV’s are the ones getting away with the largest amount of stolen items.”

The Archer 1200 mobile barrier, while it has the strength to stop a ram raid by a car or a truck, can be easily moved in minutes to allow delivery vehicles to enter. The barrier doesn’t require power or heavy equipment to move it.

“Jersey Gardens is just one of many properties around the U.S. the Archer is now protecting during this unsettling period,” said Peter Whitford, Meridian CEO. “Only yesterday the head of security at one of those shopping centers told me during the height of the unrest in Los Angeles several suspicious looking vehicles drove up to the property but then left after seeing the barriers made it impossible to get in.”

Meridian Barriers are “SAFETY Act Certified” by the United States Department of Homeland Security (DHS) providing the ultimate standard in keeping people, communities, and places safer.

For more information about Meridian Rapid Defense Group and the Archer 1200 Vehicle Barrier visit

Eric Alms
Meridian Rapid Defense Group
+1 626-755-6493
email us here

Source: EIN Presswire

Saquon Barkley, NFL Star Running Back, Donates to George Floyd’s Family and Advocates Social Justice

“Please in 2 or 3 weeks when the protest are no longer happening, we still need change; we need to come together as a community, and we need action.”

LOS ANGELES, CA, UNITED STATES, June 5, 2020 / — New York Giants running back Saquon Barkley called for unity and change against racism and injustice as protests have sparked worldwide over the murder of George Floyd by a white Minneapolis police officer. Saquon Barkley has even made a large donation to a fund in the name of Gianna Ford, the 6-year old daughter of George Floyd.

“The protests are amazing and Inspiring,” Barkley wrote in a post on his verified Twitter account. “But please in 2 or 3 weeks when the protest are no longer happening, we still need change; we need to come together as a community, and we need action! Racism and injustice cannot exist!“

The pleas from Barkley come one day after the Giants vowed to maintain an organizational dedication to advocating social justice. “George Floyd's senseless death is the type of tragedy we have seen too often for far too long. Over the past week, our players and coaches have talked about the hurt, the pain, the frustration and the anger. Each of us is feeling some or all of that," the team wrote in a statement. "We continue to talk about what we can do to help unite and heal and, more importantly, create real opportunity and meaningful change. We have a responsibility as citizens to work in a constructive way. What we do to make a difference is what is most important. We have the ability to advocate for social justice and sustained change.”

According to the top donor' page on GoFundMe, the former Penn State running back contributed $5,000 to the fund. Barkley continues to advocate social justice change and reform in the U.S. The fund has surpassed its target of $1.5 million and currently more than 48,000 individuals have contributed to the campaign.

Aurora DeRose
Michael Levine Media
+ +1 951-870-0099
email us here

Source: EIN Presswire

TIDY app – Providing Cleaners-On-Demand – Launches Global COVID-19 Offensive

Tidy Technologies Inc.

TIDY app – Popular cleaning service expands to US, UK to help homeowners, Airbnbs. Go on! book a Pro Cleaner in 60 seconds!

UNITED STATES, June 5, 2020 / — TIDY app, Canada’s #1 cleaning service, has announced it is expanding to cities in the United States and the United Kingdom. The app, where a homeowner, apartment dweller, or Airbnb host can book a Pro Cleaner in less than a minute, is hoping to help stem the spread of COVID-19 in the process.

“We are excited about our launch in these new markets. As an essential service, TIDY app is ready to help keep more homes, rentals, and offices clean and sanitary,” said Gloria Oppong, co-founder of TIDY.

Founded by Ms. Oppong and Derrick Agyiri, TIDY app aims to do the “dirty” work of locating, vetting, and retaining reliable cleaners for busy people that need them. In many ways, it operates like other service-on-demand apps such as Uber or DoorDash.

“TIDY app is designed so that you can set a cleaning appointment at a time convenient to you in seconds. A Pro will see the new job in their area and accept the task. It’s that simple,” Ms. Oppong added.

In addition to Montreal and Toronto, TIDY will now be available in Los Angeles and New York (US), and London (UK) beginning June 1st 2020. They are currently seeking individuals with experience to onboard as TIDY Pro Cleaners. Interested applicants should visit the TIDY website for more information.

As part of TIDY’s global offensive on COVID-19, all Pro Cleaners will be instructed as to the latest health and safety guidelines, which includes disinfecting all surfaces; complimentary masks will be given to both employees and clients.

“We are very proud of the work that our Pro Cleaners do and look forward to serving more people in our expanded territories very soon,” Oppong concluded.

US : | CA : | UK :

Gloria Oppong
Tidy Technologoies Inc.
+1 438-927-8439
email us here
Visit us on social media:

How TIDY app Works | Tidy Technologies Inc.

Source: EIN Presswire

Real Estate Domination (RED) Real Estate Investing Mastery Live, Virtual Summit

Real Estate Domination (RED) Real Estate Investing Mastery Live, Virtual Summit

Real Estate Domination (RED) announces the Real Estate Investing Mastery Live, Virtual Summit on June 20 & 21, 2020 from 9:30 AM ET to 4:00 PM both days

Empowering Entrepreneurs to build their Legacy through Real Estate Investing”

— Real Estate Domination (RED)

NEW YORK, NEW YORK, UNITED STATES, June 5, 2020 / — If you want to recession proof your business, find your fastest path to cash or just learn how to start and build a real estate investing business, this is for you.

At this two day live virtual summit you will hear from the experts in investing and business. People who have built 7,8 & 9 figure businesses. Experts such as David Meltzer, Kent Clothier, Chimene Van Gundy, Daniel C. Moore, Tarin Ward, Roxanna Wilson, Jorie Aulston, Steven Neville and even some you know from a popular TV show that turned his 40 dollar budget into a 6 billion dollar company.

You will learn different strategies that require no money / no credit and the exact steps you need to take to close your first deal and reach your first million dollars.

You will network with industry leaders and other investors and open up opportunities to do more business.
And it’s live, so you can ask your question and get answers from the experts. Additionally, you will receive access to a private Facebook group so you can be kept up to date and you won’t be left hanging after the event is over.

RED’ motto is Empowering Entrepreneurs to build their Legacy through Real Estate Investing.

Kirsten Franklin
Real Estate Domination (RED)
email us here
+1 917-865-2708

Source: EIN Presswire

And the winner is… 11th Annual NYC Independent Film Awards

Logo NYC Independent Film Festival

Logo NYC Independent Film Festival

Previous award show NYCindieFF

Previous winner NYCindieFF Award

Crowd during NYCindieFF award ceremony

Attendees NYCindieFF award ceremony

Awards ceremony on Sunday June 7 at 6 PM for winners NYC Independent Film Festival in New York

And the winner is…”

— your Award Show host

NEW YORK CITY, NY, UNITED STATES, June 5, 2020 / — And the winner is…. Do you know who is going to win this year's fifteen super awards for the NYC Independent Film Festival? Check us out and come to watch the award ceremony next Sunday on

For the 11th consecutive time the NYC Independent Film Festival in New York is handing out its awards for best film, best filmmakers and actors. You can be part of it on June 7, next Sunday, at 6PM eastern time sharp. Come and watch us on the Bingewave video platform.

Unfortunately, due to the corona- or Covid-19 crisis the NYC Independent Film Festival was forced to go digital this year. No live screenings, no live Q&As, no meetings, no afterparties, no fun at all. New York went into a lockdown and we had to go with it.
But the film world wouldn't be the film world if we didn't have an extra life: we decided to go for the next best solution, we decided to go digital. During the last week dozens of films were streamed on Thanks to all those filmmakers who granted us permission to stream their film on the web and to allow our audience to see it.
Also, because the festival is known for its numerous meetings with attending filmmakers we decided to stream a lot of interviews with filmmakers, immediately after screening their film.
It was awkward not to have all those filmmakers with us in the screening room, it was weird not being able to talk one on one with the actors and producers. We had to meet them with Skype, Zoom or Facetime, we had to improvise and adjust. Some were sitting in a well lit studio, others in front of their bulging wardrobe. But it worked!

For instance the directors of the documentaries 'White Light', an Australian film on the gangs in Chicago, and 'The Right Girls', an American production on LGBT migration, gave an interview to us.
,,We are so grateful that the festival has decided to go digital and pursues in showing our work to the audience," says Australian filmmaker George Gittoes ('White Light'). He spend half a year in the suburbs of Chicago to film how gangs fight each other to death. 'White Light' is one of the nominees for best feature documentary this year.
Another nominee in that same category is "The Right Girls' by American filmmaker Timothy Wolfe. His portrait of three transgender women fleeing poverty in Central America is a distressing story of misery that is augmented by sexual discrimination. ,,The purpose of this project IS to show the human side of migration. And this screening helps furthering that message," says Wolfe.
Their enthusiasm makes you forget you are watching an online event.

So who will win next Sunday's awards? There are different categories and each filmmaker or actor can be double nominated for more categories. The awards are for Best Music Video, Best Animation Film, Best Art/Experimental Film, Best Short Sketch Comedy, Best Script, Best Short Documentary, Beste Feature Documentary, Best Musical, Best Super Short Film, Best Short Drama, Best Feature Drama, Best Cinematography, Best Actor, Best Actress and Best Director.

Last year we had the luck that our Awards Ceremony was celebrated and attended by over 200 filmmakers and film fans. This year we hopefully beat that number online. Bring your own champagne or sparkling water, your oysters and caviar, or maybe just your potato chips and popcorn and join us in our excitement for the show.
The 11th NYC Independent Film Festival Award Ceremony with fifteen awards in total and dozens of great filmmakers and actors to win them. Let's enjoy the celebration of the great films you made and the great films you enjoyed watching.

Sunday June 7 at 6 pm (NYC time) at the Bingewave video platform.

Dennis Cieri
Cieri Media International Corp
+1 917-763-2428
email us here

Source: EIN Presswire

Karma’s Tea Emerges Amid Pandemic and Creates Debut Single, What Do You Do

What Do You Do Available Now on All Major Platforms

LOS ANGELES, CALIFORNIA, UNITED STATES, June 5, 2020 / — New musical group, Karma’s Tea, comes together during the COVID-19 pandemic to release their debut single, “What Do You Do.”

When businesses, venues, and events were shut down during the recent pandemic, New York performing artists Mike Desroches and Mystina, found themselves with some extra time on their hands. While in quarantine, they put together a diverse group of accomplished players to form Karma’s Tea. They have written and produced several new songs that will be released over the next few months.

“What Do You Do” is driven by an upbeat groove with serious lyrical exploration. The lyrics express the struggle of falling for someone when friends may not be completely on board with the relationship. “What Do You Do” represents the obstacles and inner conflict one may face.

Karma’s Tea will release their 4-track debut EP in August 2020. To stay connected with their current and future activities, visit their website or Facebook page.

Listen to “What Do You Do” on HearNow and all other major platforms.

About Karma’s Tea

Karma’s Tea was created by Mike Desroches (keyboards) and singer-songwriter Mystina, who has fronted an impressive Chick Corea Fusion band in New York and toured nationally in bands including the Skynyrd Legends Tour. The group’s upcoming tracks feature Nat Townsley (drums), who has recorded and toured with Mariah Carey, Donnie McClurkin, and many more; Ryan Waters (guitar), who has worked with Sade, Prince, Heart, and Liv Warfield; and veteran bassman Lenny Rocillo, who has collaborated with Bonnie Tyler and other notable acts. Karma’s Tea is dedicated to sharing positive messages through their music and has several new songs on the way.

Team AMW
AMW Group
+1 310-295-4150
email us here

Source: EIN Presswire

Virtual DBT and CBT Foundational Workshops will Prepare Mental Health Professionals to Deliver Evidence-Based Care

Evidenced Based Care Training in CBT and DBT for Psychologists, Psychiatrists, Social Workers, school counselors, nurses and other mental health professionals.

WHITE PLAINS, NEW YORK, UNITED STATES, June 5, 2020 / — Cognitive and Behavioral Consultants (CBC) will host two Foundational workshops: one for Cognitive Behavioral Therapy (CBT) and one for Dialectical Behavioral Therapy (DBT) using a state-of-the art virtual platform. The workshops will provide comprehensive training on evidence-based techniques and strategies for mental health professionals to help them meet the increased mental health needs in the community today and teach skills to engage clients using telehealth platforms.

The CBT workshop will be held July 6, 8,10,14 and 16 and is for mental health professionals and students interested in building and deepening their understanding of Cognitive Behavioral Therapy principles in clinical practice. Thirty-five Continuing Education Credit Hours will be offered to NY Social Workers and all Psychologists.

This intensive, comprehensive 5-day foundational training program in CBT, in its seventh year, is for mental health professionals without any background in CBT as well as early career professionals, and advanced clinicians who learned CBT through self-study, workshops or courses – to help them rigorously apply and implement CBT case conceptualization and strategies. Cognitive Behavioral Therapy represents an umbrella of therapies that have shown to be effective in treating a variety of conditions. The training will teach core skills in CBT across conditions and problems, including trauma, stress, worry and general anxiety, panic, agoraphobia, social anxiety, depression, OCD, externalizing conditions, and relationship problems. Upon completion attendees will have the required didactic hours to apply to become a Certified Diplomate though the Academy of Cognitive and Behavioral Therapies (A-CBT).

Course Director, Dr. Lata K. McGinn is a tenured Professor of Psychology and Director of the Clinical Program at the Ferkauf Graduate School of Psychology, Yeshiva University. Dr. McGinn has earned the title of Beck Scholar and was appointed a Fellow of the Association of Behavioral and Cognitive Psychotherapies (ABCT). Dr. McGinn is a founding fellow and certified trainer of the Academy of CBT, is the associate editor of the peer-reviewed journal Cognitive Therapy and Research and serves on the editorial board of several other peer-reviewed journals. In 2019, Dr. McGinn spearheaded a global initiative to found the World Confederation of Cognitive and Behavioral Therapies (WCCBT) and currently serves on its Board of Directors. She is also the Past-President of the Academy of CBT (A-CBT) and the International Association for Cognitive Psychotherapy (IACP), and has also served on ABCT’s Board of Directors.

The Dialectical Behavior Therapy (DBT) workshop, with an Adolescent-Family Emphasis, will take place August 31, September 2, 4, 8 and 10 and is for clinicians on existing consultation teams in agencies and schools. Thirty-five Continuing Education Credit Hours will be offered to NY Social Workers and all Psychologists.

CBC has become the first—and only, to date—Dialectical Behavior Therapy (DBT)-Linehan Board of Certification, Certified Program in New York State.

Dr. Alec Miller co-developed DBT for multi-problem and self-harming adolescents which has been established as an evidence-based treatment for this population. Dr. Miller and his colleagues will teach the theories, structure, and practice of the DBT model, including strategies for individual sessions, skills training groups, inter-session coaching, and the effective management of a consultation team. The instructors will utilize didactics, videos, role-play demonstrations and participant exercises. Research has shown DBT with adolescents to be effective in reducing self-harm behaviors, depression, hopelessness, dropout from treatment, psychiatric hospitalization, substance use and interpersonal difficulties.

Dr. Alec L. Miller is a clinical psychologist, teacher, researcher, author, and disseminator of evidence-based treatments to clinical and school settings worldwide. He has conducted federally funded clinical research and published extensively in DBT, including the three leading textbooks titled: Dialectical Behavior Therapy with Suicidal Adolescents; DBT Skills Manual for Adolescents; and DBT Skills in Schools (DBT STEPS-A). He was a lead trainer and co-investigator of the first randomized controlled trial of DBT with suicidal adolescents published in 2014. He has been internationally recognized and received awards for his teaching of clinicians about how to conduct DBT with adolescents and families.

Early registration rates, group and student discounts available. More information here or contact Saranda Krasniqi (914) 385-1150,

CBC, founded in 2004 by Dr. Lata McGinn and Dr. Alec Miller, is a clinical and training center with locations in New York comprised of internationally recognized mental health professionals.

Saranda Krasniqi
Cognitive Behavioral Consultants
+1 914-385-1150
email us here
Visit us on social media:

Source: EIN Presswire

Independent Broker Dealer Recruiter Jon Henschen Publishes "Breaking Bad Broker Dealer Behaviors"

Some IBDs are targeting departing advisors using hardball tactics that may do irreversible damage to the broker dealer's reputation in the recruiting world.

MINNEAPOLIS, MINNESOTA, UNITED STATES, June 4, 2020 / — In his June 3, 2020 ThinkAdvisor article, “Breaking Bad Broker-Dealer Behavior,” Jon Henschen of Henschen & Associates, discusses how his firm decided to recruit solely to independent broker dealers and what their litmus test is for whether or not a broker dealer is truly independent. He shares how some IBDs target departing advisors by playing hardball, outlines five specific tactics these firms use and cautions how detrimental these actions can be to an IBD’s reputation.

Henschen opens by noting that, “I found it to be a breath of fresh air to witness the cooperative environment between IBDs and their affiliated advisors, even when the advisors moved from one broker dealer to another. It was understood that the advisor’s clients were indeed their own; they had control of their client relationships because of the trust and relationship they’d established over the years, not because of a broker dealer’s branding. If an advisor was dissatisfied or felt their BD was no longer a fit, they were free to move to a new firm unhindered.”

According to Henschen, to this day, his firm’s litmus test for deciding if a broker-dealer is truly independent is if its affiliated advisors are able to leave unfettered. Recently, he has witnessed certain IBDs targeting advisors leaving to join specific broker-dealers that appear to be especially successful at recruiting advisors from their firms in particular.

These IBDs tend to employ these tactics:

1. They refuse to transfer Albridge data.

When the broker-dealer won’t transfer this data to the new firm, the advisor oftentimes will need to lawyer up to get the data transferred.

2. They don’t pay residual fees, trails and commissions.

From the day an advisor gives notice of departure, the IBD they’re leaving is required to continue to pay these fees and commissions for a period of 30-90 days. Where an advisor owes the broker-dealer money, such as that tied to a forgivable note or to open litigation, it’s understandable for the BD not to pay out residual income. Otherwise not paying the advisor for the money earned during the contractual period is another way the BD can impose punitive action.

3. They break up departing groups of producing advisors.

When large groups change BDs, they can lose up to half of their advisors, who choose to stay behind. It’s one thing when an advisor doesn’t want the inconvenience of moving BDs, but another when the original broker-dealer intervenes and offers carrots to team members to get them to stay, such as an enhanced payout, lower rep-directed advisory administrative fee, waive broker dealer expenses of Albridge fees, Rebate of Envestnet costs or unusually high retention notes.

4. They assign clients to another advisor.

This wirehouse tactic is employed by a few independent broker dealers. Henschen has also had advisors tell them that their prior firms made up false narratives about them and shared such stories with their clients in order to make clients feel insecure about moving.

5. They delay the release of a license to the new firm.

The old firm is required to release the advisor’s license to the new firm within 30 days. By waiting the full 30 days before releasing the license, the BD’s motive is to decrease the advisor’s retention in the hope of increasing the number of orphan accounts that will then be swept into their house accounts.

The Consequences of Bad Behavior

Henschen contends that broker-dealers that decide to cross over into these non-independent broker-dealer tactics risk poisoning their recruiting waters.

Not only do third-party recruiters zero in on such behavior, but wholesalers and advisors talk about this heavy-handed spiteful behavior, too. Over time, an IBD’s reputation in the recruiting world can be irreversibly damaged.

Jon Henschen is founder of Henschen & Associates, a Twin Cities-based firm that matches financial advisors to independent broker dealers. He has more than 25 years of experience in the financial services industry and has worked as a registered financial advisor in both the independent and wirehouse channels. Jon has been featured in numerous financial publications, including the Wall Street Journal, Bloomberg News, Reuters, and the New York Post.

Jon Henschen
Henschen & Associates
+1 888-820-8107
email us here

Source: EIN Presswire