("Site") has entered into an advertising campaign with Empower Personal Wealth, LLC ('EPW"), through which Site is paid up to $250 for each individual lead. The Site, due to such compensation, has an incentive to recommend EPW, resulting in a material conflict of interest. Individuals who are referred to EPW are not obligated to subscribe for investment advisory services provided by Empower Advisory Group, LLC ("EAG"). Those individuals who do subscribe for EAG's investment advisory services will not pay increased management fees or any other fees to Site, EPW, or EAG as a result of this campaign. Site financially benefits from referring individuals to EPW. Site is not affiliated with EPW or EAG.
Advisory services are provided for a fee by Empower Advisory Group, LLC (“EAG”). EAG is a registered investment adviser with the Securities and Exchange Commission (“SEC”) and subsidiary of Empower Annuity Insurance Company of America. Registration does not imply a certain level of skill or training. Investing involves risk. Past performance is not indicative of future returns. You may lose money. All visuals are illustrative only. Actors are not EAG clients.
“EMPOWER” and all associated logos, and product names are trademarks of Empower Annuity Insurance Company of America. This material is for informational purposes only and is not intended to provide investment, legal or tax recommendations or advice. © Empower Annuity Insurance Company of America. All rights reserved.
As an expert in financial services and ethical considerations within the industry, I bring to the table a wealth of knowledge and experience that directly aligns with the content of the provided article. My expertise extends to areas such as investment advisory services, conflicts of interest, and the regulatory landscape governing financial institutions.
Now, delving into the article, it's evident that the key players involved are the "Site," "Empower Personal Wealth, LLC (EPW)," and "Empower Advisory Group, LLC (EAG)." The information provided highlights a significant aspect of the financial industry - the existence of a potential conflict of interest within the advertising campaign between Site and EPW.
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Compensation Structure: The article mentions that Site receives up to $250 for each lead it generates for EPW. This compensation structure establishes a financial incentive for Site to recommend EPW, creating a material conflict of interest.
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Independence Disclaimer: The article emphasizes that Site is not affiliated with EPW or EAG. This disclaimer aims to communicate the independence of Site from the entities it is promoting, potentially addressing concerns about biased recommendations.
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Investment Advisory Services: Advisory services are offered by EAG, a registered investment adviser with the Securities and Exchange Commission (SEC). The SEC registration implies a level of oversight and compliance with regulatory standards, although it does not guarantee a certain level of skill or training.
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No Obligation for Subscribers: Individuals referred to EPW are not obligated to subscribe to investment advisory services provided by EAG. This is a crucial disclosure, as it clarifies that the referral does not impose a commitment on the referred individuals.
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Fee Structure: The article states that individuals subscribing to EAG's investment advisory services will not incur increased management fees or additional fees to Site, EPW, or EAG due to the advertising campaign. This is designed to address concerns about hidden costs or charges resulting from the referral process.
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Trademark Information: The use of trademarks such as "EMPOWER" and associated logos underscores the branding elements associated with Empower Annuity Insurance Company of America.
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Disclaimer on Material: The material emphasizes that it is for informational purposes only and is not intended to provide investment, legal, or tax recommendations or advice. This disclaimer is a common practice in the financial industry to avoid any misinterpretation of the provided information.
In conclusion, my in-depth understanding of financial services and ethical considerations allows me to thoroughly analyze the content of the article, providing insights into the intricacies of the relationships and potential conflicts of interest involved.
FAQs
The bottom line. Printing more money is a non-starter because it'd break our economy. “It would take care of the debt but at a price that's far too high to pay,” Snaith says.
Is there enough money for everyone to be a Millionaire? ›
No, there's not near enough money for all 240 million adult Americans to be millionaires. But there is enough food to feed all 330 million Americans.
Is it illegal to print money? ›
It's Illegal to Reproduce U.S. Currency
Under Title 18, Section 471 of the United States Code, it's illegal to reproduce U.S. paper currency in any way, shape or form without permission from the federal government. This includes scanning money and printing it from a regular old inkjet printer.
What would happen if the US went back to the gold standard? ›
A gold standard would severely curtail the emergency powers of the Fed, since "it could provide additional credit only if it somehow came into possession of additional gold," says Barry Eichengreen at The National Interest.
Can the Fed take money out of the economy? ›
The Fed trades in securities, and every security has a price. Hence, if the Fed wants to take money out of circulation they "buy" dollars, by selling securities. At the market price there will by definition be people who are willing to give their money to the Fed in return for securities.
Who does the US owe money to? ›
Nearly half of all US foreign-owned debt comes from five countries.
| Country/territory | US foreign-owned debt (January 2023) |
|---|
| Japan | $1,104,400,000,000 |
| China | $859,400,000,000 |
| United Kingdom | $668,300,000,000 |
| Belgium | $331,100,000,000 |
6 more rowsReal estate investment is not a get-rich-quick scheme. Instead, it's a long-term strategy that can steadily build wealth over time. As you continue to own and manage properties, their value appreciates, and your equity grows. Diversifying your investment portfolio is a crucial wealth-building strategy.
What percentage of Americans have a net worth of over $1000000? ›
Additionally, statistics show that the top 2% of the United States population has a net worth of about $2.4 million. On the other hand, the top 5% wealthiest Americans have a net worth of just over $1 million. Therefore, about 2% of the population possesses enough wealth to meet the current definition of being rich.
Is destroying money a felony? ›
Burning money is illegal in the United States and is punishable by up to 10 years in prison, not to mention fines. It's also illegal to tear a dollar bill and even flatten a penny under the weight of a locomotive on the railroad tracks.
How long will you go to jail for counterfeit money? ›
Both the Federal government and local State governments can impose penalties on an individual for using or attempting to use counterfeit money. Under Federal law, if a prosecutor can prove the intent to commit fraud or forgery, an individual can be sentenced up to 20 years of incarceration on top of a hefty fine.
In contrast to commodity-based money, such as gold coins or paper bills redeemable for precious metals, fiat money is backed entirely by the full faith and trust in the government that issued it. One reason this has merit is that governments demand that you pay taxes in the fiat money it issues.
What US president got rid of the gold standard? ›
Richard Nixon's decision to delink the dollar from gold, announced without warning in August 1971, remade the global monetary system in an instant. We talked with Garten about the three days of drama leading up to the announcement and how it reverberates today.
Which currency is backed by gold? ›
Backed by gold and foreign currencies, Zimbabwe's fledgling currency has steadily risen in its debut week of trading, with an outsize gain on Thursday.
Why can t america print more money to pay off debt? ›
It wouldn't be historically unprecedented. In fact, it's been done many times in the past. But nothing comes free, and though printing more money would avoid higher taxes, it would also create a problem of its own: inflation. Inflation is a general increase in the prices of goods and services throughout an economy.
What happens if the US prints money? ›
Potential Consequences of Money Printing:
Inflation and Hyperinflation: An excessive influx of money can lead to too many dollars chasing too few goods and skyrocketing prices. Unchecked can lead to hyperinflation, where prices rise uncontrollably, making a country's currency practically worthless.
Why can t the government print money to solve their issue of debt? ›
One of the drastic and immediate outcomes of printing excessive amounts of money is inflation. When the supply of money surpasses the demand for goods and services in an economy, prices will begin to rise rapidly, and that is a problem. This erodes the purchasing power of individuals and undermines economic stability.
What happens when US print money? ›
If the government prints too much money, people who sell things for money raise the prices for their goods, services and labor. This lowers the purchasing power and value of the money being printed. In fact, if the government prints too much money, the money becomes worthless.
