BACKMay 23, 2019
Investment Adviser,USA,Texas

How to establish solicitors agreement or referral fee and disclose correctly.

Is it correct that you can only pay a referral fee for someone sending you new clients if they are a registered IAR, or have appropriate securities license (I am curious as to if I can set up some type of arrangement from a property and casualty insurance broker I have a relationship with)? Would it be possible to pay current clients a referral fee for each new person they send me? If so, how do you go about doing this to make sure you are above board?