Tom Rennegarbe

Responsible for serving as a supervision subject matter expert for LPL Financial Professionals across the country. Responsible for supervising the appropriateness of transactions in brokerage and advisory accounts, ensuring advisors are meeting the standards and requirements of supervision set forth by regulatory agencies and the Firm.

• Reviewed securities transactions on electronic trade blotter, ensuring suitability and compliance with regulations and firm policy.
• Review of account-level & Reg BI alerts for brokerage and advisory accounts using LPL’s electronic supervisory tool suite.
• Review and approval of account documentation and correspondence.
• Analyzed transaction activity to identify potential sales practice concerns, supporting compliance initiatives.
• Collaborated with Regional Supervisory Principals and business partners to escalate and resolve sales practice concerns, enhancing supervisory effectiveness.
• Subject Matter Expertise:
  Supervise activity within the Advisory and RIA business models
  Review of full discretion and advisory fee credits/reversals
  Supervisory oversight of MSRB securities (municipal bonds, 529 College Plans)

Performed principal review of new brokerage, advisory, and 529 accounts, along with complex investment transactions and trade corrections.

• Evaluated suitability, best interest standards, and compliance with regulations such as FINRA, SEC, and state laws.
• Documented comprehensive case notes and rationale for approvals or rejections, ensuring audit-ready records for compliance purposes.
• Provided expert consultation to advisors and staff on policies, procedures, and ethical standards, enhancing understanding and adherence to regulatory requirements.
• Performed brokerage and regulatory sales supervision for broker-dealer and insurance agency subsidiaries of Fifth Third bank, mitigating risk of loss and regulatory exposure. Managed risk by exchanging ideas, elevating concerns, and adhering to policies, ensuring accountability that supports positive customer experience within Bank's risk appetite.
• Regulatory Support: Support internal and external audits, including inspections by regulators.

Managed client relationships as primary contact to discuss investment goals, risk tolerance, and portfolio performance.

• Identified opportunities to consolidate client assets under TD Wealth umbrella.
• Executed stock and options trades for clients, opened new brokerage accounts, and resolved diverse customer service inquiries.

Processed complex securities and cash transactions, reconciling discrepancies to maintain accuracy.

• Managed back-office functions, processing and reconciling securities transactions in a high-volume environment.
• Coordinated daily, weekly, and monthly operational tasks to uphold compliance with financial regulations.

Prospected new brokerage business, providing tailored investment advice to meet client financial goals.