As an SEC-registered advisor, Core Planning is regulated federally; however, individual Investment Advisor Representatives (IARs) fall under state jurisdiction and must be registered in each state where they conduct business.
Client accounts managed on our custodial platforms (Altruist & Schwab) will be reported and tracked at the household level.
But for clients in which we do not manage assets, we need a centralized process so we can properly account for the states in which we’re operating.
for planning only, advice only, hourly, or 401k business (advice rendered outside the scope of managed accounts on our custodial platforms) you will have access to a Client Board
To make this process as simple as possible, the Client Board is an ultra minimal tracker and verification process.
Just takes a minute.
which leads us to…
Once per quarter, each IAR will evaluate client state locations.