May 2022

Simplicity News

Simplicity Completes 34th, 35th, & 36th Acquisitions

Simplicity acquires North Carolina-based Financial Security Associates (FSA) and welcomes Paige Blair as a partner.

Simplicity acquires Georgia-based Buckhead Brokerage Group (Buckhead) and welcomes Forrest Mitchell as a partner.

Simplicity acquires Northern California-based Blue Ocean Financial Network and welcomes Chris Yen as a partner.

Thank you to those who could join Simplicity’s Broker Dealer Wholesaler Training and the first-ever ADC Summit in Austin, TX.

View Photos from the 2022 ADC Summit

Upcoming Events

Next 30 Days

May 12-13


May 18-19

On The Road in La Jolla, CA


May 30

Offices Closed for Memorial Day

Next 60 Days

June 16

Recruiting Event


June 20

Offices Closed for Juneteenth

June 21

Life Premier Carrier Webinar


June 23


June 30


Social Media

ADCs: Post your pictures from the Summit and tag Simplicity and a new colleague.

IT Center

The Infrastructure team performs daily audits to confirm all Simplicity computers are up to date  and are fully protected with the Security Suite. To ensure that the automatic updates happen, be sure to shut down / restart your computer at least once per week. If you fail to do so, you will receive a reminder email from the Infrastructure team. 

Questions, Comments, or Concerns.

Email [email protected]
Inside Simplicity Ext 1000
Outside Simplicity 201-987-4454


SEC and the DOL Rule: The U.S. Securities and Exchange Commission (SEC) issued a bulletin “reiterating the standards of conduct for broker-dealers and investment advisers when they are making account recommendations to retail investors.” The bulletin “provides staff views on how broker-dealers, investment advisers, and their associated persons can satisfy their obligations to retail investors when making account recommendations.” It notes: “Selection of an account type is a consequential decision for retail investors.  The factors to consider among many include cost, services, taxes, and time horizon. The SEC staff’s views are in alignment with the DOL’s. The discussion in the preamble to PTE 2020-02 requires that the four options available to most participants be considered. Those options are: leave the money in the plan, roll over to an IRA, take a taxable distribution, or transfer the money to the plan of a new employer.  It is important to understand that while the DOL Rule is not a SEC regulation, the requirements to document and analyze recommendations run parallel with SEC conduct standards. Link to the bulletin is below.

Staff Bulletin Here

Human Resources

Look out for an email outlining the process for Simplicity’s 2022 Annual Compliance Training. All employees must complete the the online courses by August 1, 2022. Log into and select the HUMAN RESOURCES tab. Under TRAINING, click on WEBSITE which will take you to the Paychex/Oasis Skillport eLearning Center. For questions, reach out to Samantha Boehm.