BCG Securities

Kurta Law is investigating claims against BCG Securities. Our securities attorneys recommend that you regularly review your account statements so that you can detect broker misconduct as quickly as possible – there may be a limited timeframe when you can submit a claim.

Background Information

BCG Securities (CRD #: 70) is registered as both an investment advisory firm and a brokerage firm. Investors should make sure they understand what type of account they have. BCG representatives should be able to tell you what type of account best suits your needs, although they may have conflicts of interest when making that recommendation.

BCG Securities recommends that investors ask their financial professional, “Given my financial situation, should I choose an investment advisory service? Should I choose a brokerage service? Should I choose both types of services? Why or why not?”

The firm started in Pennsylvania in 1965. Today. Its main office location is in Cherry Hill, New Jersey.

Alternate Names

Investors should know that BCG Securities has done business under the following names:

• AC Capital Management
• White Cliff Wealth Management
• Wealth Advisory Group
• The Kirwan Company
• Rochonchou Wealth Management
• Powers Wealth Management
• Pinnacle Peak Private Client Group
• Landmark Financial Planners
• Haddon Planning Group
• Grey Cliff Wealth Management
• Frederica Wealth Management
• BCG Wealth Management
• BCG Securities
• Balanced Security Programs
• Aspen Wealth Management

Brokerage Firm Fees

Brokerage firms are required to disclose their fees and conflicts of interest in the Customer Relationship Summary (Form CRS).

The Form CRS states that investors should ask the following question about fees: “Help me understand how these fees and costs might affect my investments. If I give you $10,000 to invest, how much will go to fees and costs, and how much will be invested for me?”

• Brokerage accounts come with transaction-based fees. This fee creates an incentive for your BCG representative to encourage you to buy and sell securities more often.
• Annuities come with asset-based fees, which are based on a percentage of assets invested in the annuity contract under management. BCGS received a percentage of those charges and therefore incentivizes BCG to encourage you to add money to your annuity.
• BCG offers mutual fund platform accounts from third parties. The provider charges an asset-based fee based on the percentage of assets invested in the mutual fund platform and shares that revenue with BCG. The firm earns more when you have more money in your mutual fund. Mutual funds also come with distribution fees.
• Variable Universal Life insurance policies also come with fees that present a conflict of interest. Variable insurance products may also charge mortality and expense fees and/or market value adjustments.
• Miscellaneous fees, including but not limited to: Account maintenance fees, account termination fees, brokerage account trade ticket fees, or custody fees.

Investors should note that these fees are for brokerage account services. BCG investment advisory services come with a different set of fees.

Regulatory Actions

BCG Securities (CRD #: 70) has six regulatory actions and one arbitration disclosure on its BrokerCheck record. You can read the complete details concerning the firm’s regulatory disciplinary history on its detailed BrokerCheck.

Kurta Law securities attorneys want investors to know that one of the disclosures alleges that BCG Securities failed to establish and maintain a written supervisory system reasonably designed to ensure compliance with securities laws. Specifically, the regulator alleged that the firm failed to supervise recommendations of multiple share classes of mutual funds. Supervision is supposed to ensure that investors receive applicable breakpoint discounts – the discounts available to customers who increase the number of shares they own in a particular mutual fund share class.

Ask a Securities Attorney

Do you have questions about losses in your BCG securities account? Our attorneys provide free case evaluations and work on contingency, which means that they only collect a fee if they win your case. Kurta Law securities fraud attorneys can also guide you through FINRA arbitration, which is the process that investors are usually required to use instead of suing in civil court – investment contracts typically feature a pre-dispute arbitration agreement. Contact our attorneys at (877) 600-0098 or info@kurtalawfirm.com. You can also get in touch via our live chat.