Alexander G. Assaley III, AIF®
| Other Names: |
Alexander G Assaley, Alexander George Assaley III
|
| Firm: |
|
| Type: |
Dual Registration |
Description
AFS Financial Group specializes in investment management, financial planning, and retirement plan advisory services. Alex Assaley leads the firm's Retirement Services division providing fiduciary advisory services to company and organization retirement plans, including 401(k), 403(b), defined benefit, and non-qualifieddeferred
...(see more)
compensation plans. We help organizations manage their fiduciary responsibilities, and help their employees develop a retirement strategy to fully utilize the plan and prepare for their future. These objectives are achieved through our proactive services including investment review analyses; fee analysis and benchmarking services; vendor benchmarking services; employee education and advice programs; fiduciary policy development and oversight; and fiduciary compliance management and documentation.
o Securities and Advisory Services offered through Commonwealth Financial Network, Member FINRA (www.FINRA.org), SIPC (www.SIPC.org), a Registered Investment Adviser. For regulatory purposes, we cannot post or respond to comments or e-mails through this site. This communication is strictly intended for individuals residing in the states of: DC, MD, VA. No offers may be made or accepted from any resident outside these states due to various state requirements and registration requirements regarding investment products and services.
“Firm”, “Firm AUM”, “Number of Accounts”, and “Average Account Balance” represent data for Commonwealth Financial Network®, the broker/dealer and registered investment adviser with whom I am affiliated as a Registered Representative and an Investment Adviser Representative, not AFS Financial Group, LLC
hide
BrightScope Advisor Metrics
Answers and Guides
Level 8
Level 8 Contributor
1 Answer and 0 Financial Guides
Top Answers
Answered Mar 30, 2012
near Bethesda, MD
Great question and the first two responses are very good. I'll just add some clarity - there are significant differences between a "broker" and a "fiduciary advisor", whether 3(21) or 3(38) (two sections in ERISA regarding fiduciary liability). The chief
...(more)
Great question and the first two responses are very good. I'll just add some clarity - there are significant differences between a "broker" and a "fiduciary advisor", whether 3(21) or 3(38) (two sections in ERISA regarding fiduciary liability). The chief difference is that a fiduciary takes on specific ERISA responsibility when serving the plan and a broker does not. See previous comments. With that said, the term "broker of record" also serves as industry jargon for a broker or advisor who may serve your current plan without transitioning your vendor relationship. Additionally, the terms "advisor" and/or "consultant" are commonly used by non-fiduciary third parties. In summary, there are many types of advisors - 3(38) fiduciary, 3(21) fiduciary, and non-fiduciary broker. You will need to determine which is best for your plan based on your needs, budget, and goals. Don't take for granted the status of your advisor based on the term they use, or misuse, instead review your agreement with them
hide
Top Guides
Alexander G. Assaley III, AIF® has not contributed any Financial Guides on Financial Q&A.
*Answers and guides are provided without compensation.
Advisor Information
Firm Client Types
|
Individuals |
|
High Net Worth Individuals |
|
Banking or Thrift Institutions |
|
Pension and Profit Sharing Plans |
|
Corporations or Other Businesses |
|
Charitable Organizations |
|
Other Pooled Investment Vehicles |
|
State or Municipal Government Entities |
|
Business Development Companies |
*The Client Types data displayed is firm level data as reported on the SEC ADV filing.
Experience and Employment History
| Employer |
Years |
Dates |
|
Commonwealth Financial Network
|
6 years, 10 months
|
Jul 2006 -
Present
|
|
Afs Financial Group
|
6 years, 10 months
|
Jul 2006 -
Present
|
|
Dmg Securities
|
6 months
|
Nov 2005 -
May 2006
|
|
West Virginia University
|
4 years, 4 months
|
Aug 2001 -
Dec 2005
|
*Experience and Employment History information reflects the past 10
years of employment as reported on the SEC ADV filing as of 04/04/2012, and is not a complete representation of the advisor's experience and
employment history. Furthermore, the advisor is required to provide this information only while registered with an investment advisor firm
and the information is not updated through Form U4 after the advisor ceases to be registered. Therefore, an employment date of "Present" may not reflect the advisor's current employment status.
Licenses and Conduct
| Regulator |
|
|
|
License Status
|
Registered
|
Registered
|
|
Disclosures
|
|
|
| As of Date |
04/04/2012
|
06/08/2012
|
*This advisor may not be SEC registered. The SEC maintains the database for state registered advisors as well as SEC registered advisors.
*A single dispute is often reported by both the SEC and FINRA and therefore will be reported as both an SEC dispute and FINRA dispute in this section.
*BrightScope is not endorsed by or affiliated with FINRA.
Advisor Exams
| Exam |
Series |
Passed Date |
| Uniform Combined State Law Examination |
Series 66 |
12/17/2007 |
| Uniform Securities Agent State Law Examination |
Series 63 |
03/23/2006 |
| General Securities Representative Examination |
Series 7 |
03/14/2006 |
Advisor Compensation Arrangements
Types of Compensation Arrangements
|Hourly Charges+(5%25)|Percentage of Assets+(70%25))
