{"id":6705,"date":"2018-12-10T09:17:40","date_gmt":"2018-12-10T15:17:40","guid":{"rendered":"https:\/\/www.investorlawyers.com\/?p=6705"},"modified":"2022-05-17T14:11:19","modified_gmt":"2022-05-17T19:11:19","slug":"international-assets-advisory-proudly-hires-brokers-with-checkered-pasts","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/international-assets-advisory-proudly-hires-brokers-with-checkered-pasts\/","title":{"rendered":"International Assets Advisory \u201cProudly\u201d Hires Brokers With \u201cCheckered\u201d Pasts"},"content":{"rendered":"<p>\t\t\t\tA Florida-based wealth management firm is once again in the headlines over its hiring of brokers with \u201ccheckered\u201d pasts. According to a recent <em><a href=\"https:\/\/www.businessinsider.com\/iaa-second-chance-wealth-management-firm-2018-11\" target=\"_blank\" rel=\"noopener noreferrer\">Business Insider<\/a><\/em> article, International Assets Advisory (IAA), which oversees approximately $2.5B in customer funds, \u201cproudly hires\u201d brokers that other investment firms wouldn\u2019t even consider, including some with previous offenses on their record.<\/p>\n<p>According to IAA president Ed Cofranceso, the firm\u2019s hiring strategy lets him access a bigger talent pool while allowing some of those whom he employs to get a \u201csecond chance.\u201d Cofranceso called his approach \u201cAmerican\u201d and \u201cChristian\u201d and noted the adage about how every story has two sides. For example, the <em>Business Insider <\/em>article notes, one of the brokers that IAA hired had been fined and fired because his previous firm made him sell \u201cbad products\u201d to investors.<\/p>\n<p>One headhunter interviewed for the news article notes that while the majority of employers will instantly nix any prospective applicants who respond \u201cyes\u201d to even one of nearly six dozen questions on the<a href=\"http:\/\/www.finra.org\" target=\"_blank\" rel=\"noopener noreferrer\"> Financial Industry Regulatory Authority\u2019s (FINRA)<\/a> U4 registration form, IAA won\u2019t disqualify these individuals right off the bat. Questions asked include whether applicants have been charged for misdemeanors or felonies and if they\u2019ve ever had any \u201crun-ins\u201d with regulators. According to IAA General Counsel Myra Nicholson, candidates with such disclosures whom IAA eventually hires usually have to go through an \u201con-the-job\u201d audit and may also be subject to more monitoring and certain restrictions.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/international-assets-advisory-proudly-hires-brokers-with-checkered-pasts\/\"  title=\"Continue Reading International Assets Advisory \u201cProudly\u201d Hires Brokers With \u201cCheckered\u201d Pasts\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>A Florida-based wealth management firm is once again in the headlines over its hiring of brokers with \u201ccheckered\u201d pasts. According to a recent Business Insider article, International Assets Advisory (IAA), which oversees approximately $2.5B in customer funds, \u201cproudly hires\u201d brokers that other investment firms wouldn\u2019t even consider, including some with previous offenses on their record. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":6726,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3773,3783,3774],"tags":[3221],"class_list":["post-6705","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-broker-fraud","category-broker-misconduct","category-broker-dealers","tag-international-assets-advisory"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>International Assets Advisory \u201cProudly\u201d Hires Brokers With \u201cCheckered\u201d Pasts &#8212; Investor Lawyers Blog &#8212; December 10, 2018<\/title>\n<meta name=\"description\" content=\"According to a recent Business Insider article, International Assets Advisory (IAA), which oversees approximately $2.5B in customer funds, \u201cproudly hires\u201d brokers that other investment firms wouldn\u2019t even consider, including some with previous offenses on their record.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/international-assets-advisory-proudly-hires-brokers-with-checkered-pasts\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"International Assets Advisory \u201cProudly\u201d Hires Brokers With \u201cCheckered\u201d Pasts &#8212; Investor Lawyers Blog &#8212; December 10, 2018\" \/>\n<meta name=\"twitter:description\" content=\"According to a recent Business Insider article, International Assets Advisory (IAA), which oversees approximately $2.5B in customer funds, \u201cproudly hires\u201d brokers that other investment firms wouldn\u2019t even consider, including some with previous offenses on their record.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2018\/12\/12.10.18.jpeg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"International Assets Advisory \u201cProudly\u201d Hires Brokers With \u201cCheckered\u201d Pasts &#8212; Investor Lawyers Blog &#8212; December 10, 2018","description":"According to a recent Business Insider article, International Assets Advisory (IAA), which oversees approximately $2.5B in customer funds, \u201cproudly hires\u201d brokers that other investment firms wouldn\u2019t even consider, including some with previous offenses on their record.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/international-assets-advisory-proudly-hires-brokers-with-checkered-pasts\/","twitter_card":"summary_large_image","twitter_title":"International Assets Advisory \u201cProudly\u201d Hires Brokers With \u201cCheckered\u201d Pasts &#8212; Investor Lawyers Blog &#8212; December 10, 2018","twitter_description":"According to a recent Business Insider article, International Assets Advisory (IAA), which oversees approximately $2.5B in customer funds, \u201cproudly hires\u201d brokers that other investment firms wouldn\u2019t even consider, including some with previous offenses on their record.","twitter_image":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2018\/12\/12.10.18.jpeg","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/international-assets-advisory-proudly-hires-brokers-with-checkered-pasts\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/international-assets-advisory-proudly-hires-brokers-with-checkered-pasts\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"International Assets Advisory \u201cProudly\u201d Hires Brokers With \u201cCheckered\u201d Pasts","datePublished":"2018-12-10T15:17:40+00:00","dateModified":"2022-05-17T19:11:19+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/international-assets-advisory-proudly-hires-brokers-with-checkered-pasts\/"},"wordCount":519,"image":{"@id":"https:\/\/www.investorlawyers.com\/blog\/international-assets-advisory-proudly-hires-brokers-with-checkered-pasts\/#primaryimage"},"thumbnailUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2018\/12\/12.10.18.jpeg","keywords":["International Assets Advisory"],"articleSection":["Broker Fraud","Broker Misconduct","Broker-Dealers"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/international-assets-advisory-proudly-hires-brokers-with-checkered-pasts\/","url":"https:\/\/www.investorlawyers.com\/blog\/international-assets-advisory-proudly-hires-brokers-with-checkered-pasts\/","name":"International Assets Advisory \u201cProudly\u201d Hires Brokers With \u201cCheckered\u201d Pasts &#8212; 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