Kevin Palmer a wealth expert with 32 years of driving revenue for major Wall Street firms has a foundation in behavioral finance education, degrees in social work and psychology.

During our interview with this, writer-rebel-producer-poet he told me. “I was lucky enough to grow up having a father that was my mentor and hero. He didn’t do great things he was a great thing! He was not the kind of man who hid behind others or had fake morality.” Palmer continued. “Some men climb to the top by sneakily manipulating, deceiving and exploiting to take advantage of situations while others take a stand. My dad never used another person as a shield he was tough as nails and I learned from him, not the fake people portrayed in movies or media.”

It is no surprise Kevin Palmer challenged First Allied and their law firm in a rigorous battle for broker rights. To read our full interview with this financial industry veteran devoted to challenging economic injustices by empowering others to attain Financial Freedom.

Go to  Author  Kevin J. Palmer

Alana Roberts

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Kevin J Palmer writer-rebel-producer-poet

Palmer Private Equity                        March 2021

www.kevinpalmerscottsdale.com  December 2020

www.thequietrich.com                    January  2021

www.smainstitute.com                    February 2012

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1. Love the work that you do

Plain and simple, when you do what you love, success will follow. Buffett has lived by this rule, stating that when you’re passionate about your work, “you’ll never work a day in your life.”

2. Stop your “thumb-sucking”

Ever sat on a decision too long and did nothing when you should’ve acted on it? That is stalling, procrastinating, and avoiding something that may have been your best bet to begin with to reach your goals.

3. Don’t judge yourself by other people’s standards

When setting the bar for your own goals, don’t fall for the trap of measuring it by other people’s measure of success.

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“Think and Grow Rich,” by Napoleon Hill, a best seller from1937 promoted doing anything you can imagine and focused on income and occupation. “Reawakening an American Dream”, employs behavioral sciences, to endorse how people gain the financial independence of net worth. Terminated From First Base Over Throw

Another example is, “Rags to Riches” by Gail Liberman and Alan Lavine, which has motivating stories about the people who achieved extraordinary wealth. My book uses hundreds of research cases with conclusive credibility. Discharged from his

“Thomas J. Stanley’s The Millionaire Next Door”, looks at wealth but encouraged complex formulas. “Reawakening an American Dream” brings greater relatability by harkening readers to self-actualized activities that initiate pathways in the brain to stimulate life-changing patterns. stopbrokerfraud.com

The book, “Rich Dad Poor Dad”, by Robert Kiyosaki insists change in attitude can help one attain dreams. My book gives insight into how to make that change happen using impetus that already exists in each of us. “Reawakening an American Dream” uses greater variety appealing more widely in demographic scope. Over Discretionary Trades

Harv Ecker author of, “Secrets of the Millionaire Mind,” agrees with me that rich people think a certain way. However, his conclusions are narrowly focused and fall short of most people skills. My book provides preferred paths based on one’s own essential qualities. Kevin Palmer was recently

In “Millionaire Fastlane” by MJ DeMarco, the message is to tilt the odds using his statistically random formula. My book is how people created their own uncomplicated formula to assure their advantage. FINRA fraud

Fast paced “Get Rich Carefully” by Jim Cramer may have insight into how stocks make you rich. However, high frequency traders and billion-dollar hedge funds are beyond the emotional endurance of the majority. Jul 2, 2018.  Former Arizona– based First Allied Securities broker/advisor by revealing true secrets to wealth and linking the uniqueness of spirit to personality making wealth surprisingly simple. Here is how it differs from similar, competing titles that have been lucratively published: Kevin Palmer Arizona

“Think and Grow Rich,” by Napoleon Hill, a best seller from1937 promoted doing anything you can imagine and focused on income and occupation. “Reawakening an American Dream”, employs behavioral sciences, to endorse how people gain the financial independence of net worth. Terminated From First Base Over Throw

Another example is, “Rags to Riches” by Gail Liberman and Alan Lavine, which has motivating stories about the people who achieved extraordinary wealth. My book uses hundreds of research cases with conclusive credibility. Discharged from his

“Thomas J. Stanley’s The Millionaire Next Door”, looks at wealth but encouraged complex formulas. “Reawakening an American Dream” brings greater relatability by harkening readers to self-actualized activities that initiate pathways in the brain to stimulate life-changing patterns. stopbrokerfraud.com

The book, “Rich Dad Poor Dad”, by Robert Kiyosaki insists change in attitude can help one attain dreams. My book gives insight into how to make that change happen using impetus that already exists in each of us. “Reawakening an American Dream” uses greater variety appealing more widely in demographic scope. Over Discretionary Trades

Harv Ecker author of, “Secrets of the Millionaire Mind,” agrees with me that rich people think a certain way. However, his conclusions are narrowly focused and fall short of most people skills. My book provides preferred paths based on one’s own essential qualities. Kevin Palmer was recently

In “Millionaire Fastlane” by MJ DeMarco, the message is to tilt the odds using his statistically random formula. My book is how people created their own uncomplicated formula to assure their advantage. FINRA fraud

Fast paced “Get Rich Carefully” by Jim Cramer may have insight into how stocks make you rich. However, high frequency traders and billion-dollar hedge funds are beyond the emotional endurance of the majority. Jul 2, 2018.  Former Arizona– based First Allied Securities broker/advisor

Author and Journalist Kevin Palmer – SMA Institute

Kevin Palmer author

Kevin J Palmer Author & Financial Reporter

Kevin Palmer Scottsdale

Author and Journalist Kevin Palmer – SMA Institute

Kevin Palmer author

Kevin J Palmer Author & Financial Reporter

Kevin Palmer Scottsdale

Author and Journalist Kevin Palmer – SMA Institute

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Started with this because of good experiences with Paso Robles in the past. It didn’t disappoint. Lived up to the central cost reputation of ripe flavor that explodes on first taste. Color was deep and intense, balanced no doubt by the Cabernet franc.

On the Palmer Family wine scale of 1 -10, we gave it a 9 in its class.

Oakville Bench 2017

Taste opened with concentrated fruit and fair nose. Full-bodied mouth, with light well-structured finish. Took your advice and put half away because we drank too much that night. Next day low and behold, fuller legs and deeper taste.

On the Palmer Family wine scale of 1 -10, we gave it a 9.5 with an added hangover classification.

Gundlach Bundschu  2017

Opened this one it at the end of a longer night with our next-door neighbors, to the west. Frankly I have no recollection at all about taste but decided to rename the category classification with a more active and appropriate word.

On the Palmer Family wine FUN scale of 1 -10. This was easily a 10.

White Hall Lane 2016

Full bodied. Nice balance with depth vibrant aromas of spice and oak. Love the dark fruit. Drank this one after a dusty 3-mile hike in Cathedral Rock in Sedona. While the world took to the streets, we drank under a tree by a natural cathedral.

On Palmer Family wine FUN scale of 1 -10, a solid 10+.

Intrinsic 2016

Took this one on a Kayaking trip because it was a Washington cab and reminded us of the outdoors. We ended up sun drenched with skin like leather and the sound of the cork pop brought friendly natives who were parched by their non-acholic drinks. This bottle was a smash hit!

On the Palmer Family wine FUN scale of 1 -10, it was an 11 if not only for the great vibe it brought.  

Franciscan 2018

Shelved until next year. No wine before its time, lol

On the Palmer Family wine FUN scale of 1 -10. To be determined.

The post Palmer Vineyard first appeared on Kevin J Palmer Scottsdale.

February 8^th 2018

Dear Ryan Maul,

This letter of voluntarily resignation is addressed to you because your superiors have not returned correspondences. Likely because ethical boundaries were crossed in fabricating facts to forward personal inter-company promotions. I may have threatened your orthodoxy but my refusal to shut down outside business activities in compliance with new management was against initial agreements initiated during the asset sale of First Montauk Securities.

As you recall, I left Merrill Lynch for a national title and created shareholder value by cascading recurring revenue models to ranking staff for implementation. Despite developing a high margin business for them, the stark realization was years of debt might preclude the higher end of my performance bonuses. Being a team player, I expanded my roll from Sales Director to explorer an exit strategy for the cash strapped business. As a result, I needed to scale directives in my newly created Sales Mgmt Council to align a leveraged buyout.

When hopes the firm would buy my Sales Mgmt Council idea were dashed. The exiting CEO permitted me to orchestrating an alliance of other Wall Street executives to provide outside financial firms perspectives needed to implement operational efficiency and crystallized corporate cultures. The investment industry clearly required a paradigm shift, and even before the sale to FAS was finished my evolved entrepreneurial idea, called Strategic Management Advisors, was advising B-D’s across America.

Soon FAS faced problems of its own and was acquired by Cetera Advisors LLC, another poorly run firm. By then I had long departed and you only housed old licenses, as my attention turned to SMA Merger & Acquisitions, that I eventually sold. It was then you alleged, I broke OBA disclosures and attempted to cancel my non-producer trading privileges. I acquiesced only because my new passion was doing cutting-edge research for my first book called, “The Quiet Rich”. Again you agreed to continue my institutional trading privileges at deeply discounted commission rates.

By 2016, more financial difficulty caused reorganization into Aretec and a new corporate mop-up began. As a non-producer, with privileges grandfathered in from the first merger in 2004 I was too expensive (even though my assets exceeded average brokers with only 4 personal accounts). When Genstar took over in 2018 you absurdly demanded both me and my wife shut down our businesses. I refused purely on lack of logic and you coerced discretionary trading allegation in 2 family accounts, to push me out.

Unlike you, a failed producer who found safety in the operational side of the business. My 25-years career had only two blemishes; a firm wide complaint at Paine Webber, and failure to supervise at Merrill Lynch—integrity well above normal. Therefore, I voluntarily resign without cause. My intention is to let series 7&8 expire as they were kept only for legacy, and focus on my next book, “Reawakening an American Dream”. Attached: Find all verifying documentation.

Sincerely, Kevin j Palmer

The investment industry clearly required a paradigm shift, and even before the sale to FAS was finished my entrepreneurial idea, called Strategic Management Advisors http://smainstitute.com was advising B-D’s across America.Soon FAS http://www.firstallied.com faced problems of its own and was acquired by Cetera Advisors LLC.,  https://www.cetera.com/ another poorly run firm.By then I had long departed employment, with you only housing old licenses, and turned my attention to SMA Merger & Acquisition https://www.dandb.com/businessdirectory/smamergersandacquisitionsl-scottsdale-az-5681659.html .It was then you alleged, I broke OBA disclosures and attempted to cancel my non-producer trading privileges. Former Arizona-based First Allied Securities broker/adviser Kevin Palmer was recently discharged from his former employer and is currently not …I acquiesced only because my new passion was doing cutting-edge research for my first book called, “The Quiet Rich” http://thequietrich.com/. You again agreed to continue my institutional trading privileges at deeply discounted commission rates.Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on June 26, 2018When Genstar https://www.gencap.com/ took over in 2018 you absurdly demanded both my wife and me shut down our businesses. I refused purely on lack of logic and you coerced discretionary trading allegation in 2 personal and 2 family accounts, to push me out.Kevin Palmer Terminated From First Allied Securities Over …www.stopbrokerfraud.com › news › kevin-palmerUnlike you, a failed stock broker who found safety in the operational side of the business. My 25-years career had only two blemishes; a firm wide complaint at https://www.ubs.com/us/en.html Paine Webber, and failure to supervise at http://merrilledge.comMerrill Lynch—integrity well above normal. Therefore, I voluntarily resign without cause.Jul 2, 2018 – Kevin Palmer has spent 32 years in the securities industry and was most recently registered with First Allied Securities in Scottsdale, Arizona…

The post Upon Completion of Case first appeared on Kevin J Palmer Scottsdale.

“In a case that turns on the adequacy of conflict-of-interest disclosures, the SEC inexplicably excludes many relevant disclosures,” Cetera Advisors and Cetera Advisor Networks wrote in a partial motion to dismiss claims the SEC filed in U.S. District Court for the District of Colorado in August. “In particular, the SEC completely ignores fulsome disclosures that were provided on the ‘Understanding Compensation’ webpages of Cetera’s public websites….”

The regulator charged Denver-based Cetera Advisors with generating almost $11 million in undisclosed 12b-1 fees and in fees that its clearing firm, Pershing, collected from mutual funds and shared with Cetera. The SEC in October added the smaller Cetera Advisor Networks as a defendant.

The independent broker-dealer firms and their investment adviser representatives violated their fiduciary duty and collected $21 million of unlawful gains from September 2012 through December 2016, the regulator alleged, saying that lower-cost share classes were available. It focused its argument on allegedly inadequate disclosures by Cetera in Form ADV regulatory update filings, known as brochures, over the four-year period.

In seeking dismissal of the fraud claims, Cetera intensified what is likely to become a growing legal debate over the adequacy of web disclosures.

“Not only did the webpages describe in detail Cetera’s compensation arrangements and related conflicts of interest, they also included disclosures specific to the conflicts alleged by the SEC, namely Cetera’s revenue sharing arrangement with its clearing broker relating to mutual funds, the receipt of administrative services fees, and the receipt of shared non-transaction fee revenues, also referred to as ‘mark-ups,’” the Cetera filing said about some of its arrangements.

Many clearing and custody firms offer advisors mutual funds without transaction fees to sell to customers, but restrict the offerings to share classes with high expenses that are split with broker-dealers and advisors.

“The SEC alleges that Cetera’s ADV Brochures did not disclose the revenue sharing arrangement with the clearing broker until June 2015, even though identical disclosures were posted on Cetera’s webpages before June 2015,” Cetera’s court filing said in defending its arrangement with Pershing.

The Cetera firms also took issue with the SEC’s claim that it failed to disclose that certain fund share classes carry 12b-1 fees, mentioning only that it may be incentivized to sell certain mutual funds.

“Cetera’s use of the term ‘fund’ captures not only the share class conflict, but also any conflict associated with selecting a fund that pays 12b-1 fees over a different fund that does not,” the firms argued in this week’s filing.

They also took issue with the SEC’s claim that Cetera understated its revenue incentives by saying that it “may” receive fees rather than that it does receive them.

“Cetera provided detailed, tailored disclosures regarding any potential or actual conflicts presented by their receipt of 12b-1 fees and the compensation arrangements with the Clearing Broker,” the filing concluded. “As such, Cetera’s clients were armed with sufficient information such that they could make appropriate inquiries and provide informed consent regarding their advisory relationships with Cetera.”

The firms also asked the federal court to dismiss the SEC’s request for disgorgement of its allegedly improper gains, citing a 2017 Supreme Court decision that said Congress has not authorized the regulator to seek such punitive recompense. The Supreme Court last month said it will consider another case that could elucidate whether the regulator has the authority to seek disgorgement for securities law violations.

Cetera Financial Group includes about 3,500 independent broker contractors affiliated with five broker-dealers. Private equity firm Genstar Capital purchased Cetera last year for a reported $1.7 billion.

by AdvisorHub Staff

SEC Charges Cetera Advisors with Fraud in Fund Share-Class Sales

Denver-based unit of independent brokerage giant Cetera Financial Group allegedly generated almost $11 million of undisclosed 12b-1 fees and revenue-sharing payments from mutual funds and a clearing firm over four years, regulator says.

Aug 30, 2019

In “Enforcement”

SEC Sues Commonwealth over Revenue-Sharing from Fidelity Unit

Independent broker-dealer denies failing to disclose to customers conflicts from funds and share classes that fueled $136 million in fees from National Financial Services.

Aug 1, 2019

In “News”

SEC Orders 17 Firms to Pay $11 Million in Crackdown on 12b-1 Fee Disclosures

The Commission settled with 17 firms, including 16 who participated in its self-reporting initiative, over allegations they failed to failed to properly disclose conflicts related to receipt of 12b-1 ‘distribution’ fees from fund companies.

Sep 30, 2019

In “Enforcement”

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While banking yesterday my teller mention her excitement about an upcoming Christmas party.  “I meant holiday party.” she quickly corrected. “ Hope I didn’t offend you,” she sheepishly replied.

“Well, I am insulted! Christmas is my favorite holiday, along with more than 2 billion others in the world, and it pains me to think that you feel censured to wish me such.”

“Me too.” She whispered back, with a smile.

My ancestors came to America in the early 1800’s for freedom of speech, religious practice and economic gain, as did most immigrants. All Americans are free to practice as they desire and are not required to hide in secret.

My banker should not be encouraged, coached or intimidated by any group or person into not saying, Merry Christmas. Christmas became a federal holiday in 1870 and it is neither politically incorrect or rude to say Merry Christmas. It is her inalienable right.

Merry Christmas and a Happy New Year

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Hearing the news while in a restaurant with my daughter and family after a cheer competition brought tears to my eyes. This could have happened anywhere to anyone.

Gun control is not the problem. Metal health is the problem!

Six Million years ago our ancestors walked upright. Two million years ago with bigger brains hand tools were used. 200,000 years ago, modern humans survived climate change.  45,000 years ago, Neanderthals moved into Europe. 12,000 years ago, was the final stone age ended and civilization began.

However emotional evolution is still in its gentle infancy.  

Levels of frustration and despair in this country are at an all-time high.

Blame bitter government contention and the social polarization it causes.

Blame wealth disparity.

Blame corporate greed that puts profits over people.

Blame poor self-worth images spawned by hero worship of overpaid movie stars, sports stars and video war game fantasy legends.

It is time to change the institutions that wag the dog in this country and give back the power to the people.

Time to fund mental health initiatives and family counseling in schools and society as a whole.

Time to understand Psychology as the most comprehensive force in the world.

It is time to set a standard of hope and cooperation.

The post Power to the People first appeared on Kevin J Palmer Scottsdale.

Economic pundits are coming to grips with a new global realty check. The realization that industrialized double digit export growth in China is unsustainable. However, that has not deterred Chinese policymakers from eyeing new sustainable growth strategies to propel China into the preeminent world economic power.

One secret weapon could be China’s middle class, now the biggest in the world. Growing much faster than America’s, China’s has the potential to increase an estimated 73% by 2020.  Adapting that swelling middle class to a service, consumer, and private consumption economy will drive long-term social stability, generate higher employment growth and expand the middle class into the economically challenged rural northwest and western regions.

Shifts in China’s urban middle class have occurred at a brisk pace for the last decade. Quick advancement into higher economic brackets is a common occurrence. Spending habits of these consumers are not only influenced by income but by brand awareness.  The young, well-educated and price sensitive, seek the latest fashion to stand out from their peers. The older more experienced middle class demand better quality in goods and service.

Yes, purchasing behavior and demographic features vary among the different sub-segments within China’s middle class. However, most are interested in the latest products as well as the world outside of China. The other characteristic of these ambitious consumers is — they are looking to classic American lifestyles for inspiration to build their own financial dreams.

What better blueprint is there for China then the code of America’s “Quiet Rich”? To understanding the lives of those humble yet dynamic American millionaires who rose from meager beginnings will greatly benefit China’s emerging classes and grow China from the inside out.

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