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Dharmi is an excellent securities lawyer who understands the law as it pertains to these cases. She is extremely proactive and represents her clients well. I highly recommend Jacko and Dharmi.
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Danielle Martin
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I’ve had the privilege of working closely with this firm in my role as Chief Compliance Officer and I can confidently say they are an exceptional compliance partner. Their depth of experience is immediately evidentand they bring a level of practical knowledge. What I truly enjoy is their ability to translate complex regulatory requirements into plain English, often using real, everyday examples that make implementation far more manageable. They are also incredibly responsive and reliable. In a field where timing matters, their prompt communication and thoughtful guidance have been invaluable. If you’re looking for a compliance attorney who combines expertise, clarity, and professionalism, I highly recommend them.
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Curt Rocca
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Michelle and the team at Jacko Law Group have helped guide through a variety of critical circumstances as we ventured through the uncharted and unfamiliar territory of becoming and successfully operating as an RIA. I have particularly appreciated Michelle's personal involvement and genuine caring about us and our organization. She has been responsive and her counsel has been consistently on-point and helpful. She artfully guided us through our initial filing process and first SEC exam process - which went very well. Very grateful to Michelle and her team.
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Nicholas Di Paolo
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Michelle and her team were excellent to work with, front to back. They helped me to understand the challenges ahead and were always proactive in their consultation through every step of my transition. JLG truly know the wealth management industry very well and did a great job of understanding the challenges unique to my business. Without them, I can confidently say I would not have felt as comfortable through the transition as I did. Fortunately, that's not something that stops there - Michelle and her team have kept in touch to ensure that I'm on top of certain administrative issues, trends, and simply showing me that they care about my business and success. I look forward to continuing to work with them for many years to come.
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Margery Neis
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Dharmi Mehta was extremely helpful when my business partner and I transitioned to a new RIA firm. She and her staff were all very professional. Her guidance during our transition was invaluable. I highly recommend Dharmi and Jacko Law Group.
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Joseph Burwell
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Dharmi and Amandeep were a delight to work with. They assisted me with a claim and stuck with me the entire way through. Dharmi's advice was invaluable, and I was most impressed by her clear and professional communication. From beginning-to-end, both Dharmi and Amandeep kept me well informed. Their entire team are proud of their work and rightfully so. Thank you!
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Faruk Jaffer
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My mentor once told me that a good attorney is worth their weight in gold — and that couldn't be more true of Michelle and Amanda. Their expertise, professionalism, and responsiveness were top notch every step of the way. It's rare to find legal partners who are not only sharp and thorough, but also genuinely invested in your success. I’m grateful for their guidance and highly recommend them to anyone seeking trusted legal counsel.
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everistus etafo
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It is my great Privilege to share my Review of what Atty Dharmi Mehta of Jacko Law Group did for me and by extension for my family. From the first time complimentary conversation we had having spoken to several other Lawyers ,l knew she was the right person for the Job .Because of her background as a former RR ,she was professional,kind, Empathetic,listened and was focused on fighting for me. From a potential of been terminated with cause ,l was able to walk away with a clean U5 with a validation that l did nothing wrong except what was in the best Interest of my clients. I hope nobody ever has to go through what l have Experienced, but if you do ,you want Dharmi Mehta beside you .Rest assured your service Deserve 10 stars but this forum only allows 5. Me and my family are forever grateful and will make sure that any RR who needs an advocate will know about you . Everistus Etafo
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Karen Althaus
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I have worked with Jacko Law Group for 2 different business situations that necessitated an attorney. In both cases, the team was very thorough & competent. Their attention to our situation and the extra effort they put into our case(s) was very much appreciated. I would highly recommend Jacko Law Group!
Proper disclosure of the costs of investing, including disclosure of all fees and their potential effects on the value of investments, is critical for all firms. However, despite a focus, for years now, on this issue by the SEC, FINRA, and other regulatory bodies, some firms still do not adequately disclose to retail investors how the fees and expenses associated with particular types of investments will affect their returns.
The SEC has made the disclosure of the costs of investing a primary focus for 2018, and it is likely that we will see this issue remain an SEC priority well into the future as it dovetails with another critical issue - providing services to aging investors.
This focus on adequate fee and expense disclosure is not so much a result of firms deliberately avoiding proper disclosure as firms having, "practices or business models that may create increased risks," which include (but not necessarily limited to) the following:
"Certain advisory personnel that may receive financial incentives to recommend that investors invest, or remain invested, in particular share classes of mutual funds where the investors may pay higher sales loads or distribution fees and the conflict of interest may not be disclosed to investors";
"Accounts where investment advisory representatives have departed from the firms and the accounts have not been assigned a new representative to properly oversee them";
"Advisers that changed the manner in which fees are charged from a commission on executed trades to a percentage of client assets under management";
"Private fund advisers that manage funds with a high concentration of investors investing for the benefit of retail clients, including non-profit organizations and pension plans." [Source]
At the root of the matter is a simple problem - fees structures, when not carefully managed, can become complex and include unexpected risks. Sometimes, these structures become too complex for the average retail investor to understand. A minor adjustment to how fees are charged can have a major impact on the performance of an investment, but the details of such a change may not come across clearly in disclosure documents.
The issue of proper, clear disclosure of the costs of investing is of importance to all investors, but it is increasingly important to the aging Baby Boomer population. As the Baby Boomer population continues to leave the workforce and age, they will have increased difficulty properly understanding precisely how fees will impact their retirement savings, making proper disclosures more important than ever.
The SEC's 2018 Examination Priority theme of "matters of importance to retail investors, including seniors and those saving for retirement," includes such a focus on proper disclosures. This is not simply to ensure that firms are covering all their bases or avoiding questionable practices, but also to ensure this aging population is properly protected.
There's No Time Like the Present to Reexamine Your Fees and Disclosures
Generally, most firms try to follow the rules and doing their best to disclose fee structures properly. That being said, it's not uncommon for firms to neglect their disclosures over time. As an adviser's practices change, stale information introduces potential regulatory and legal issues, making the regular review of disclosures more important than ever.
Being accurate, up-to-date, and consistent on disclosures makes good sense - and is good business. Though it can at times seem burdensome, it will more costly to the firm address the issue with regulator's examination or enforcement staff. Contact us to learn more.
Jacko Law Group provides tailored legal services and effective strategies for success, delivering exemplary solutions to complex legal and regulatory challenges to ensure that both business efforts and compliance obligations are satisfied.
