Lincoln Investments – Is It Right For Your Firm?

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Lincoln Investments has a lengthy history of regulatory violations and customer complaints. Its record of misconduct includes more than six FINRA-reported disciplinary actions. Among other things, the company failed to enforce its written supervisory procedures and failed to provide prompt refunds to customers. These violations led FINRA to impose a censure on Lincoln Investment and order it to conduct remediation and make refunds.

Lincoln Investments is a leading independent broker-dealer in the financial services industry with nearly 50 years of experience in delivering investment strategies. Its network of over 800 financial advisors serves a diverse group of clients with over $24.7 billion in assets. Its mission is to help their clients achieve financial security and financial well-being.

Investors can find out more about Lincoln Investments by visiting the Finra BrokerCheck database and by checking the SEC’s Investment Adviser Public Disclosure database. State regulatory agencies may also have information on the firm. If you are unsure of whether or not Lincoln Investments is right for you, check with your broker.

FINRA conducted an examination of Lincoln Investments in 2017 and found that it had a failure to implement proper supervision systems and procedures. Moreover, the firm had sold Class A shares at a front-end sales charge, whereas Class B and C shares carried higher ongoing fees. In addition, Lincoln Investments did not properly supervise its staff and had inconsistent written procedures for sales.

Although it is important to select the right software solution for your business, you should be sure that it meets your firm’s security requirements. Make sure that the platform you choose supports two-factor authentication and encryption for sensitive advisor data. Additionally, you should look for a system that integrates with other systems and tools.

The migration from on-premises voice systems to cloud-based VoIP services is a gradual process. This helps minimize disruption and create a foundation for hyperscale future growth. The Lincoln Investments network is managed by a third-party telecom service provider, CPI Telecom. As a result, CPI Telecom can monitor outages and report any problems to its clients.

As part of the migration to SD-WAN, the company is phasing out all remaining MPLS circuits and preparing for future expansion. It has also seen significant savings on its telecom costs, which it plans to use for expansion. By using VMware SD-WAN, Lincoln Investments is reducing its overall telecom expenditures by 74 percent.

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