Rep Transition Process

5 Steps to Become a KCD Representative

Two men shaking hands in business suits

Guiding You Into a Successful Future

Our values permeate through every aspect of our work, including our transition process. Much like how we allow established representatives to execute their business on their own terms, our transitioning reps can set their own pace for the process while we support them in transitioning their clients and complying with FINRA requirements.

When you become a KCD representative, you can expect:

two women at annual conference, KCD Reps

Step 1:
Rep Agreement

We’ll start your transition process with an initial high-level meeting to review your goals and discuss how KCD can best support you. We’ll discuss the contents of our standard representative agreement, payout percentages, and other details that will impact you and your business’ success.

Step 2:
Background Check

Next, we’ll iron out any outstanding details and perform a comprehensive background check. This check consists of a FINRA review and fingerprinting, a credit check, and a criminal record check.

Step 3:
Onboarding Paperwork

Once the background check is completed, we’ll provide you with our hiring paperwork and collect the onboarding fees necessary to get you up and running as a KCD representative.

Step 4:
FINRA U4 & State Registration

Then, we’ll help you obtain the proper registrations so you can begin working under KCD in your jurisdiction. The FINRA U4 is a form that representatives of broker-dealers, investment advisers, or issuers of securities must use.

Step 5:

Finally, you’ll receive access to KCD systems such as our CRM, ClearingHouse, and E&O Insurance. Once you complete our forms and CRM orientations, you’ll have our continued support and guidance on repapering clients to finalize the process!

I’ve worked with many broker-dealers during my career, and I’ve seen the difference in a small, dedicated firm as opposed to a large, captive firm. You will not find a better team to work with than KCD!

Become a KCD Representative

No matter what journey brings you to KCD, we’re here to guide you.

Become a KCD Representative Form

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Robert Rivera

Compliance Officer
Robert Rivera is the compliance officer that handles the daily business transactions for the firm. Rob serves as the Hilltop Securities Trading & Operations contact. He has been in the financial services industry since the mid 1990’s. He served as an engineer in the US Army and took Master’s degree courses in Business Administration from Silver Lake College, Manitowoc, WI. This background allows Rob to bring a detailed and organized approach to this position. Rob joined the firm in February of 2019 and holds a series 7, 24 and 66 licenses.

Ben “Barry” Stein

Assistant Compliance Officer
Barry is an assistant compliance officer that helps handles daily business transitions and compliance reporting. His military and accounting background assist him well in is this compliance role. Barry started in the securities industry back in 1984 and ran his own broker dealer in the mid 1990’s. He has a wealth of knowledge that brings to the team having been licensed with series 3,4,8,27,& 55. Currently Barry holds the series 7, 24 & 63. Barry joined the firm in February of 2020.

Cindi Giesler

Office Administrator
Cindi Giesler coordinates our front desk operations with her customer service and administrative skills. Her friendly and professional manner helps set the tone for a positive experience for callers and visitors. Cindi’s experience includes over 35 years as an Administrative Assistant. She has been with KCD since December 2017.

Mark Berndt

Recruiter/Licensing & Registrations Coordinator
Mark Berndt joined KCD in January of 2017 as a member of the back office. He started in the financial services industry in 2000. Mark’s banking background, sales, and customer service experiences make him an approachable resource to representatives. His skills in recruiting and marketing make him an asset in a fluid environment. Mark graduated from the University of Wisconsin Green Bay and holds the following securities registrations: Series 7 & 66.

David Wilson

Chief Compliance Officer
Dave has been licensed in the securities industry since 1988. As the Chief Compliance Officer, he serves KCD well overseeing regulation changes, product due diligence and handling inquires and customer complaints. His extensive background supports KCD reps with practice management, brokerage account problem-solving and service issues to ensure KCD Reps and clients are well taken care of. Dave holds the following securities registrations: Series 7, 24, 53, 63 and 65.

Joel Blumenschein

President & CEO
Joel received his first securities license in 1985. His experience in the securities industry range from start-up brokerage companies to national wire houses. Serving as President & CEO of KCD, he oversees the operations of the firm focusing on new business initiatives and broker relations. Joel graduated from UW-Milwaukee with a Bachelor of Science Degree in Finance and holds the following securities registrations: Series 4, 7, 24, 28,63, 65, 79, and 99. His background includes past Chairman of FINRA District 8 and serving as a former FINRA Advisory Board member.