| Sgroi Financial, LLC (2024)

Official Rules

1. Winner must comply with all of the rules of the Contest, including, but not limited to, any restrictions on age and/or residency, and have not committed any fraud or deception in entering the Contest or claiming the Prize.

2. The winner must affirm and represent that he/she is not a member of the same household of any such employee or agent.

3. In consideration of the receipt of the Prize, the winner agrees to be solely responsible for any and all taxes and/or other fees, including, but not limited to, any federal state or local income taxes, that are or may become payable as a result of participating in the Contest and/or receipt of the Prize.

4. The winner agrees to allow Sgroi Financial the right to use winner’s name and/or likeness for an unlimited period of time in order to advertise the promotion.

5. The winner expressly releases Sgroi Financial, and any sponsors of the contest, and their respective officers, directors, agents, parent companies, subsidiaries and employees, from any and all claims, demands and/or causes of action of any nature or kind whatsoever, whether presently known or unknown, foreseen or unforeseen, that he/she may have, or may subsequently acquire, as a result of participating in the contest and/or receipt of the prize.

6. No purchase or payment of any kind is necessary to participate in or win contest. Contests are void where prohibited by law.

7. Sgroi Financial is not responsible for telephone system or internet failure, or other inability of entrants to enter due to technical malfunction. Sgroi Financial is not responsible for lost, late or misdirected mail or for printing errors. No mechanically reproduced or completed entries will be accepted.

8. Winners from the previous years are not eligible to win.

9. Only one nomination per teacher will be counted towards the selection of the winner.

10. Limit one winner per household.

11. All federal, state and local taxes apply and are the sole responsibility of the winner.

12. Winner must be able to pick up winning prize within 60 days of being contacted by Sgroi Financial.

| Sgroi Financial, LLC (2024)

FAQs

Is sgroi financial a fiduciary? ›

With either type of service, as registered investment advisors, we adhere to fiduciary standards which require that we put your interests above those of ourselves and our firm.

Who owns LPL Financial LLC? ›

LPL Financial LLC is a SEC-registered investment advisor and wealth management firm headquartered in Fort Mill, South Carolina. The firm was founded in 1989 as Linsco/Private Ledger Corp. They are a direct subsidiary of LPL Holdings, Inc., owned by LPL Financial Holdings, Inc. (NASDAQ: LPLA).

What is the difference between a fiduciary and a financial advisor? ›

The key difference between a fiduciary and a financial advisor is the level of ethical standards that they are held to when working with clients. This is not to say that a financial advisor does not have any ethical standards. To the contrary, most financial advisors hold themselves to best business practices.

Are fiduciaries paid? ›

Fiduciary advisors are compensated by their clients in the form of fees.

What is the LPL Financial scandal? ›

The firm provided inaccurate information to customers regarding switch transactions, misrepresenting fees due to errors in its databases. LPL Financial failed to identify potentially unsuitable transactions involving Unit Investment Trusts (UITs), causing customers to incur approximately $31,000 in sales charges.

Is my money safe at LPL? ›

LPL offers two bank deposit sweep programs, the LPL Insured Cash Account (ICA) and LPL Deposit Cash Account (DCA). Cash balances in the ICA and DCA are deposits and are eligible for FDIC insurance up to $250,000 for individuals and $500,000 for joint accounts per bank.

How stable is LPL Financial? ›

Financial Performance and Liquidity Position

LPL is a Fortune 500 company, serving more than 21,000 financial professionals with over $1 trillion in brokerage and advisory client assets. Our balance sheet is strong, with over $200 million of excess cash and modest leverage below our conservative management targets.

Is a certified financial planner always a fiduciary? ›

At all times when providing Financial Advice to a Client, a CFP® professional must act as a fiduciary, and therefore, act in the best interests of the Client. The following duties must be fulfilled: Duty of Loyalty.

Are all financial advisors considered fiduciaries? ›

Are All Financial Advisors Considered Fiduciaries? You might think that allowing someone to manage your money automatically means they're a fiduciary—but not all financial advisors fall under this standard of care. Only fiduciary financial advisors are required to place your best interest over theirs.

Is a financial advisor always a fiduciary? ›

A fiduciary has a legal and ethical duty to act in the best interests of someone else. Financial advisors help clients manage various aspects of their financial lives. Not all advisors are fiduciaries, and those who aren't are held to lower standards of care.

Do all financial advisors have a fiduciary duty? ›

Do All Financial Advisors Have a Fiduciary Duty? Just because a professional manages the money of their clients doesn't mean that they automatically follow a fiduciary duty. Some professionals work for brokerage firms that aren't registered as investment advisors, and as a result, are not bound by fiduciary duty.

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