Does it matter how large my office is?

The simple answer is “No”. Whether your office consists of only you or 20 Financial Advisors and their support staff, PCS has resources to handle your business.

Why should I choose PCS over a New York-based firm?

Because we’re not a New York firm, that’s why. You’ll find that PCS can provide comparable – if not superior – support to that of a Wall Street firm, combined with personal, friendly service that you may not find with the larger firms.

What type of Financial Advisors work with PCS?

Private Client Services places a great emphasis on selecting only seasoned and experienced investment professionals to join our firm. Those with professional designations such as Certified Public Accountant (CPA), Certified Financial PlannerTM (CFP®) or Chartered Financial Consultant® (ChFC®) are commonly associated with our firm.

How long does it typically take to transition?

The time required to transition an office depends on the number of Financial Advisors and how many total clients are involved. However, we find that most transitions are completed in about 6 weeks.

In which states are you registered/licensed?

Private Client Services is registered with FINRA as a Broker/Dealer in all 50 states. We are approved by the SEC as a Registered investment Advisor and notice filed in all 50 states.

May I keep my Registered Investment Adviser (RIA)?

Yes, while at PCS you may keep your RIA. You also have the option to use PCS’ RIA which provides a multitude of investment advisory products from which to choose.

What name will I use?

You can use your own business name such as Jane Doe Financial or Smith Investments. PCS will always stay in the background, no branding conflicts ever.

What is PCS’ payout?

Our payout is extremely competitive. Please call Steve Higdon at (502) 451-0600 for details.

Can I add more financial advisors once I open?

Absolutely! In fact, we strongly encourage the addition of financial advisors to existing branches. We can help you when you are ready to grow.

Do you have branch offices?

Yes, while many of our Associates have individual practices; several of our affiliated firms are larger groups of Advisors with at least one being a registered principal having compliance responsibilities for the group. Click here to see of our current offices.

How often are gross dealer concessions and fees distributed?

Our Advisors are paid twice a month via direct deposit to their personal checking account.

Do you offer insurance products such as life, disability and long-term care?

Yes, we have both direct relationships with carriers for certain products and Regional and National account arrangements with brokerage general agencies such as Crump.

Do you offer Trust Services in any way?

Yes, we have four trust companies with which we have access to. Two of these are Delaware firms that provide trust services to clients to which we have access to be the investment professional on the trust account.

How much is the E & O Premium?

$1,600 for the 2022 calendar year then pro-rated starting in January. Coverage is $1,500,000 per Representative with a $5,000 dollar deductible.

Do you have a monthly or annual affiliation charge?

No, we operate on our portion of the gross dealer concession and do not charge these types of fees.

Do you charge for compliance inspections or audits?

We do both routine and unannounced inspections and audits of our Advisors’ offices. We charge both registered representatives and investment advisors an audit fee of $250 annually during the registration renewal process that occurs in the fourth quarter.

What records am I required to keep?

Most records are maintained electronically by our firm. These records are also available to our Associates 24 / 7 and permanent electronic storage is also made available to our Associates for their required recordkeeping purposes. This allows advisors the ability to work anywhere in the world having access to their records.

What are your emergency preparedness procedures?

In addition to the PCS home office location in Louisville, KY, we have Service and Operation Centers with middle office redundancies, including staffing for full trading functionality, in both Appleton, WI and Charlotte, NC.

Additional Questions