The mission of the Vantage Advisors New Business Ecosystem (NBE) is to stimulate new business opportunities for financial professionals that primarily derive from the passing of the JOBS Act legislation. At the same time the NBE seeks to have significant positive impact in the lives of veterans, customers, and the members of the general public as a whole.
The JOBS acronym stands for Jump-start Our Business Start-up. The title is intuitive and has much meaning for many of us in society, especially those in the financial profession.
The JOBS Act legislation was a series of sweeping changes to securities regulations designed to ignite capital formation an increase business funding. Where there is an increase in capital flow and business funding we can expect other events and turning points to most likely coincide. Events such as pay increases, job changes,key man positions being filled, rapid increases in estate tax liabilities, new partnerships being formed, wealth being created, an above all big financial decisions being made. It is at times like this financial professionals in the field need to seize the opportunity to forge new relationships that can last for decades and inevitably lead to large amounts of new business.
The task of reigniting and keeping the economy strong has been placed at the feet of the financial professional with the passing of the JOBS Act which is broken down in seven sections. Those being:
-
TITLE I – REOPENING AMERICAN CAPITAL MARKETS TO EMERGING GROWTH COMPANIES
-
TITLE II – ACCESS TO CAPITAL FOR JOB CREATORS
-
TITLE III – CROWDFUNDING
-
TITLE IV – SMALL COMPANY CAPITAL FORMATION
-
TITLE V – PRIVATE COMPANY FLEXIBILITY AND GROWTH
-
TITLE VI – CAPITAL EXPANSION
-
TITLE VII – OUTREACH ON CHANGES TO THE LAW OR COMMISSION
In an effort to jump-start the economy Congress could have broadly expanded the S&L provisions, or gave the SBA new sweeping powers, or gave credit unions some new set of expanded capabilities; but they did not. Congress made instead a series of very progressive and sweeping changes to the securities regulations outlined in the JOBS Act. These changes were made with the expectations that those in the financial field would answer the call to duty by fully capitalizing on the new opportunities now made available and showing others in need how to capitalize as well.
The NBE’s mission is to take full advantage of the new provisions contained in the JOBS Act in such a way to generate synergistic business relationships that will greatly benefit the VBC members and affiliates, the investment customers, the public at large, and the financial professionals that actively participate. Those financial professionals primarily being registered reps with insurance licenses, mutual fund managers, and investment banks.
All of whom we at Vantage Advisors consider close family.