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First Trust Advisors LP Announces Portfolio Manager Update for First Trust Mortgage Income Fund

. To listen to the update, follow these instructions:

-- Dial: (888) 203-1112; International (719) 457-0820; and Passcode # 1015627 and PIN # 6893. The update will be available from Wednesday, October 17, 2018, at 5:00 P.M. Eastern Time until 11:59 P.M. Eastern Time on Friday, November 16, 2018.

FTA is a federally registered investment advisor and serves as the Fund’s investment advisor. FTA and its affiliate First Trust Portfolios L.P. (“FTP”), a FINRA registered broker-dealer, are privately-held companies that provide a variety of investment services. FTA has collective assets under management or supervision of approximately $134 billion as of September 30, 2018 through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts. FTA is the supervisor of the First Trust unit investment trusts, while FTP is the sponsor. FTP is also a distributor of mutual fund shares and exchange-traded fund creation units. FTA and FTP are based in Wheaton, Illinois.

SagePoint's recruiting effort adds $240M in client assets

So far this year, the IBD has recruited seven firms and just under 60 advisors, which has resulted in $17 million in additional revenue, says Jeffrey Auld, CEO of SagePoint. Its newest additions include Droeg Financial Services and Kranenburg Accounting and Tax Service as well as five other advisors.

“Advisors chose to affiliate with us because they are looking for resources, most often technology, that their firm cannot provide,” Auld says. “The investments we’re making in technology, the marketing consultants we offer, and the dedicated succession planning resources are all things only larger firms can provide, though we work hard to deliver a personal experience that makes advisors feel they’re at a smaller firm.”

Auld adds that much of the recruitment has not been driven by their own marketing department but rather by referrals from advisors currently on their network and other partners, such as the various mutual funds or money management firms they work with. A third of new affiliates find the company through third-party recruiting or consulting firms.

Anyone know what the work life of a reverse mortgage loan officer at American Advisors Group is like?

I got an offer to work there and I would like to know the entry base pay, the commission pay scale, and also the average loan contracts an typical officer gets a month. Long shot I know.

Not specifically at AAG, but this might help you with what questions to ask at your interview. Most loan officers are commission-based with their own licenses, working the "streets," so to speak.

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