Back to top



Advisor Services

  • Financial Planning
    • -Comprehensive Financial Planning
    • -Retirement Planning
    • -College Planning
    • -Other Financial Planning
  • Insurance
    • -Life Insurance
    • -Long-Term Care Insurance
    • -Annuities
    • -Other Insurance
  • Portfolio Management
    • -Individuals and/or Small Businesses
    • -Other Portfolio Management


Funds Used With Clients

There are no funds listed for this advisor at this time.

Firm Client types



No timeline events available.
Employer Years Dates
Ridge Capital Management, LLC 1 year, 11 months May 2018 - Present
First Allied Securities, Inc. 1 year, 11 months May 2018 - Present
First Allied Advisory Services, Inc 1 year, 11 months May 2018 - Present
Cetera Advisors LLC 7 years, 3 months Jan 2013 - Present
Multi-Financial Securities Corporation 1 year, 2 months Oct 2011 - Dec 2012
Wells Fargo Advisors LLC 2 years, 5 months May 2009 - Oct 2011

Designations & Memberships

  • Accredited Asset Management Specialist
    Accredited Asset Management Specialist
    Individuals holding this designation are well versed in asset management processses, asset allocation and selection, taxation of investment products, investments and insurance for both individuals and businesses
  • Accredited Wealth Management Advisor
    Accredited Wealth Management Advisor
    Individuals holding this designation are well versed in wealth transfers, federal taxation, retirement planing and planning for end-of-life needs.

Articles and Answers

Insights by Brice Thompson

There are no insights for this advisor to display at this time.


Ask a financial questionAsk a question
My advisor wants to have a meeting at my home...should I?
I completely agree with Mr. Larsen. There is a growing trend of advisors(broker/dealers and RIA's) that work out of their homes. The importance of where your advisors works begins and ends with your comfort level. Do not be afraid to ask. I can see how advice-only advisors would not necessarily ...  (more)
Answered May 2012
How will the Greek elections this weekend impact US Markets?
Wow, Ethan! Why don't you ask a HARD question?!?!? I will give you my best answer. 1) Who knows for sure, but quite a bit of the down-side domestically has already been "baked in", apparently. 2) Spain is likely a bigger driver of uncertainty right now, but Greece is keeping this issue off of th...  (more)
Answered Jun 2012
What is an appropriate fund management fee percentage?
Hi Dale, That seems to be a very important questions these days. The reason it is "important", in my opinion, is because of Marketing. Two things to remember: 1) You get what you pay for. 2) People do what they are compensated to do. The primary reason for the emphasis on "low fees" is that "low...  (more)
Answered Jun 2012
How did I get trapped into this high fee investment firm Fidelity?
Hi Edward, How do you define "high fees"? Also, you do have several options for saving for retirement. You can open up tradtitional IRA or a Roth IRA, a tx-deferred annuity, savings bonds, a brokerage account. It sounds like you have an ax to grind, but aren't sure what to do with it once it is s...  (more)
Answered Apr 2012
How do i find out what my 401k plan amount is from my job?
Your company's Human Resources department should be able to provide you with your plan information or give you the phone number to the Plan Sponsor....  (more)
Answered May 2012
What is Moody's credit rating?
Moody's is a company that investigates and rates the credit worthiness of companies, similar to services provided by Standard and Poor's and Fitch. It analyzes the company's financials and gives it a grade based on how likely the company is to pay it's obligations. They have 21 levels with Aaa bei...  (more)
Answered May 2012
Best way to improve credit score?
Hi Emma, let me add to the two great answers. Let me remind you that my answer applies only to increasing your CREDIT SCORES quickly, not necessarily as the best debt management techniques. This is something that you might do immediately before trying to qualify for a refinance of a mortgage, for ...  (more)
Answered May 2012
Do I have a pension with 401K from Arthur Andersen?
You most likely do not. The current Arthur Anderson plan filed a Form 5500 that lists only a "Defined Contribution Plan". A pension would be listed as a "Defined Benefits Plan". Many companies have done away with pensions and rolled the required portions into 401(k)/Profit Sharing Plans into the ...  (more)
Answered Apr 2012
Planning a retirement?
That is great information, but a few key specifics are missing. Your emergency fund should be 6-9 months of total monthly expenses, so if it around $45,000 it should be fine. Secondly, is the pension amount an aggregate for both of you, including Social Security? $50,000 each? Not including Socia...  (more)
Answered Apr 2012
Do I need to create an LLC or an Inc?
If the business owns real assets(ie. Real Estate, Buildings, Equipment) you typically look at an LLC. If your business is "Income Producing" but doe not own a lot of real assets(ie. intellectual property, subscribtion services) you would look to incorporate. If there are more than one owner and if...  (more)
Answered Apr 2012
My wife inherited $55,000 from her deceased father this year, how will it be taxed?
Most likely, no taxes are due(of course, you should always consult your tax professional). In 2011, there were no Estate Taxes due on any transferred assets under $5,000,000....  (more)
Answered Jul 2012
Contact your Union Representative and make a request. You should be able to call your old company and get the contact information even though the union is not part of the company....  (more)
Answered May 2012
What would the impact of a Mitt Romney presidency be on the economy? Is he considered pro-growth?
In simplest terms, yes. Romney's background in business in and of itself is a dramatic difference from the current administration. Secondly, the current adminstration has used the EPA to limit expansion of several industries(ie. Energy) and the Healthcare Bill to control businesses(ie. limiting co...  (more)
Answered Jun 2012
Why dont advisors get paid by performance and not a fixed percentge of assets?
Registered Representatives and broker/dealers(ie. Stock Brokers) are not allowed to participate in their client's gains. It is seen as a conflict of insterest as a broker would be tempted to go for a risky gain in order to get more themselves than what may be in the client's best interest. Registe...  (more)
Answered May 2012
How can i make a withdraw?
Most 401(k) companies offer online access with the ability to request withdrawals, but you can always call the customer support number on your statements to guide you. Most Human Resources Departments can help you get set up with access, direct deposit, and tax withholdings options well before you ...  (more)
Answered Apr 2012
I need a finical statment?
Hi Patricia, if you need a template for a "Personal Financial Statement", you can get one from your local banker or try this website:  (more)
Answered May 2012
Should I invest in gold?
You should always START your decision making tree at the end and work backwards. Therefore, your first question should be "what am I trying to accomplish?" and clearly define your needs, expectations and timeline.GOLD like everything that you can spend money is great and terrible depending on what...  (more)
Answered Apr 2012
I am trying to find out my balance for my retirement plan thru nittany powder coating?
Try calling your Human Resources department. (814) 353-4386...  (more)
Answered May 2012
I am a previous Tenaris employee and have lost my records?
It appears that the plan is shut down, but you can call Human Resources at (713)767-4400....  (more)
Answered Apr 2012
Can I roll over/transfer a eligible 401k to a IRA that has a loan against it.?
Yes, you usually can, but the loan will either need to be paid off or the pay-off amount will be witheld, plus Federal and State Income Tax and a 10% Pre-Mature Withdrawal Penalty on the amount of the loan if you are under 59 1/2 years of age....  (more)
Answered May 2012
Early withdraw?
Hi Deborah, I am very sorry to hear of your situation. Are you asking if you can take money from your or your husbands 401(k)? If you are then the answer is usually, yes. Your or your husbands age will also come in to play. Call the Human Resources department and inquire on a "Hardship Provision...  (more)
Answered May 2012
What is the rule of 55 for retirement plan withdrawals?
No, it works a bit different after you roll your 401(k)Rule of 55) to a self-direted IRA(72(t) withdrawal). Leaving it and rolling both have benefits and limitations. You can avoid the 10% premature withdrawal penalty by taking funds from your 401(k) as long as you retire at 55 or after. You will...  (more)
Answered Apr 2012
How does one set up a chartiable remainder trust (crt)? Once I have a CRT in my portfolio, is it always advantageous to donate appreciated stock into the CRT rather than a straight cash donation?
Barry is correct, but I would add that you should start by contacting an attorney who specializes in this area(though setting up a CRT is not a terribly complicated process). Anouther route is to hire a corporate trustee, such as a bank or a trust company, if you do not want to be responsible for t...  (more)
Answered Apr 2012
What happens if a retired parent is deceased with a retirement plan, how does one go about passing the funds onto the next of kin.?
The distribution of the qualified asset(ie. IRA) is also important. As was mentioned above, if you do not elect to take a full distribution(avoiding the 10% penalty but incurring Income Tax) you can opt for a Beneficiary IRA. This will allow you to take the funds out in 5 equal payments over 5 yea...  (more)
Answered May 2012
I worked at Nor Cal Beverage from 2000 to 2006. I am not sure if I had a 401K. Can you help me? Thanks, Scott Arnold
Hi Scott, their Form 5500 for last year looks like the plan is inactive, but the Brightscope Plan Profile shows $14,000,000 is assets. Try calling Nor Cal at (916) 372-0600 and ask to be directed to Human Resources....  (more)
Answered Apr 2012
Can you short an ETF?
Yes, depending on how many shares of the ETF trade on average and the rules of your broker/dealer. There are also some "Inverse ETFs" that will short the asset for you that you can buy long and not need a Margin Agreement and with potentially less cost. Also, there are "Leveraged Inverse ETFs" if y...  (more)
Answered Apr 2012
I own a small company and I'm looking to start a 401k plan for my employees, how do I get started?
A lot will depend on how much you can commit to funding the plan with for the first few years. I would suggest interviewing some financial advisors that work with Plan Providers and TPA(third party administrators). Starting small, new plans is not a "lucrative" oppurtunity in most cases for adviso...  (more)
Answered Apr 2012
How can i do my 401k right now??
Hi Dizhwar, I suggest establishing some very important benchmarks and goals:- How much can I contribute?- How much can I contribute?- How much do I need to accumulate in my 401(k) for a successful result(ie. $500,000 to produce $20,000/yr in supplemental retirement income)- How much longer can ...  (more)
Answered Apr 2012
Taxing on deferred annuity payments?
Check with your tax professional, but it will almost assuredly fully taxable as ordinary income as well as resulting in a 10% Premature-Withdrawal Penalty....  (more)
Answered May 2012
Can we find out how much companies contribute to employees 401K plans?
It is listed on your statement as "Employer Contribution" or "Employer Match". It is usually equal to 50% of what you put in for the first 6% of your contribution(ie. you put in 6% which equal $500 and the company match would be $250). Profit Sharing plans can also put in a portion of the companie...  (more)
Answered May 2012
I want to check my balance, how?
Hi Sothy, as you can probably tell by the lack of answers, we need a little bit more information from you to help. Are you asking about your 401(K) balance at work? If so, where do you work? Have you called the number on your statement or your Human Resources department? Give that a shot or pos...  (more)
Answered May 2012
How can I make a correction on the Advisor information. Is there a phone number I can call to speak to someone?
IF you click on the profile, you can add the corrected information along with your contact information and a Brightscope representative will contact you promptly to verify your identity and authorization to make the changes. My information was dated and inaccurate in some areas. If you do not clai...  (more)
Answered Apr 2012
How can I tell if my financial planner makes a good investment on my behalf?
These are all great responses, but I would suggest starting more simply. Start by asking yourself these questions:1) Are my needs being met by my investment accounts?2) Have I been overly-surprised when I opened a statement, either good or bad?3) Do I understand what I am invested in and why it ...  (more)
Answered Apr 2012
WHERE CAN I FIND A RATING ON ALL 401K PLANS ? option would be: tends to have more reviews from the actual employees. Most sites simply aggregate the Form 5500 which is required to be filed every year and is public information....  (more)
Answered Apr 2012
How long should I keep my financial records?
The genral rule is 7 years, but he IRS has the power to change their own rules retroactively....  (more)
Answered Apr 2012
Is there a way to view the peer groups?
Clarify, please?Peer groups for what:Financial Advisors? 401(k)s? Investments? Union/Non-union? Advisor/Broker?...  (more)
Answered Apr 2012
How do I convert a savings annuity into an income stream?
Hi Rick, Do you mean your 401(k)? If so, you have quite a lot of options. You would likely want to start by "rolling" your balance, tax-free, into a Self-Directed Tradtional IRA. You can either take Systematic Withdrawals from the IRA every month based on either how much income(interest, dividend...  (more)
Answered Jun 2012
I have an old CD with a bank that I forgot about and the bank is no longer in existence. How can I get my money?
Every state has an "Escheated Property" department. In many cases, you can prove your claim to the value of the account and get all or part of it back. You will not get any interest earned. Also, be aware that these departments are very thinly staffed so expect to be directed to websites quite a ...  (more)
Answered Apr 2012
How much do I have invested in my 401k?
I would suggest removing your SSN and birthday immediately and ask your question again. I would also suggest immediately purchasing Indentity Theft Protection such as Life-Lock. I'll post the contact number for your former plan in a minute,...  (more)
Answered Apr 2012
How do i borrow money from 401k?
Borrowing from your 401(k) is a better option than a using a high interest credit if you do not have other means. The interest you pay on the loan(s) can even count towards your 401(k) account as a gain(ie. $1,500 at 7% annually would reflect roughly a $100 increase). That can be useful in an inst...  (more)
Answered Apr 2012
    *Answers are submitted by advisors without compensation.

    Licenses & Conducts

    U.S. Securities and Exchange Commission
    • license status
    • disclosures
    • as of date
      Feb 27, 2020
    • license status
    • disclosures
    • as of date
      Feb 27, 2020
    Review the status and details of the disclosures noted above using the SEC's Investment Advisor Public Disclosure website:


    First Allied Advisory Services, Inc.

    Last updated on Jan. 31, 2020
      • $6.0B
        Total Assets Under Management
      • N/A
        Total Assets Under Advisement
      • 30K
      • $198.4K
        Estimated Average Account Balance


    Types of Compensation Arrangements