Key features are summarized in the following table. State law governs. Most require Series 65 held by CPA firm. Most states require Series 65 held by Hilliard Lyons. Brokerage Supervision Hilliard Lyons provides all, including continuing education.
State law governs.
There may be some supervisory responsibility for Hilliard Lyons. Hilliard Lyons provides all, including continuing education. Recipient of payments from Hilliard Lyons Licensed persons only. The CPA firm cannot be compensated unless it is a broker dealer. The CPA Firm.