Form ADV Part 2B
100 Independence Place
Tyler, TX 75703
Advisor Resource Council
17300 Dallas Parkway
Dallas, TX 75248
January 1, 2020
This brochure supplement provides information about Kevin Carswell that supplements the Advisor Resource Council brochure. You should have received a copy of that brochure. Please contact Sarah Pais at 972.421.1360 if you did not receive Advisor Resource Council’s brochure or if you have any questions about the contents of this supplement.
Additional information about Kevin Carswell is available on the SEC’s website at www.adviserinfo.sec.gov.
Year of Birth: 1962
Formal Education after high school:
Kevin Carswell is not subject to legal or disciplinary events that are material to a client or prospective client’s evaluation of his or the services he offers.
Kevin Carswell is dually registered as an advisory representative of Advisor Resource Council and as a registered representative of LPL Financial, a registered broker/dealer, member of the Financial Regulatory Authority and SIPC. Clients are under no obligation to purchase or sell securities through Kevin Carswell. LPL Financial and Advisor Resource Council are not affiliated. Kevin Carswell is an independent contractor of LPL Financial.
Kevin Carswell may recommend clients implement recommendations through LPL Financial. If clients implement investment recommendations through LPL on a non-fee basis, Kevin Carswell will receive a commission. Additionally, as further disclosed in the Disclosure Brochure under the section entitled Fees and Compensation, Kevin Carswell may receive trail compensation for investments directed through LPL Financial. As such, he may have an incentive to sell you commissionable products in addition to providing you with advisory services when such commissionable products may not be suitable. Alternatively, he may have an incentive to forego providing you with advisory services when appropriate, and instead recommend the purchase of commissionable investments, if he deems that the payout recommending the purchase of these investments would be higher than providing management advice on these products for an advisory fee. Therefore, a conflict of interest may exist between his interests and your best interests.
Additionally, Kevin Carswell is a licensed insurance agent. You are not obligated to purchase insurance or securities products through Kevin Carswell. However, if you implement insurance recommendations through him, he will receive commissions. The insurance business is a minority of his business and the amount of income he receives from insurance business fluctuates depending on the amount of sales. There may be other insurance products and services available through other insurance professionals at a lower cost than those products available through Kevin Carswell.
It is important clients refer to the disclosures under Brokerage Practices in the Disclosure Brochure.
Kevin Carswell is not actively engaged in any other investment-related business or occupation. Further, he is not actively engaged in any other business or occupation for compensation. “Actively engaged” is deemed to mean the business activity represents more than 10 percent of his time and income.
Clients are advised that the amount of commissions paid by LPL Financial to Kevin Carswell can fluctuate based on his overall production. Therefore, the more business placed by Kevin Carswell through LPL Financial can enable him to reach another threshold enabling him to earn a higher payout.
Kevin Carswell does not receive any economic benefit (i.e. sales awards and other prizes) for providing advisory services from a non-client.
Supervision and oversight of the activities conducted through Advisor Resource Council are conducted by Sarah Pais, Chief Compliance Officer, and her Compliance Delegates. Sarah Pais can be contacted at (972) 421-1360. Sarah Pais and her Compliance Delegates review all transactions in clients’ accounts. Additionally, all account required to establish an account for a client must flow through Sarah Pais or her Compliance Delegates. Sarah Pais and her Compliance Delegates have procedures in place to be aware of any outside business activities engaged in by Kevin Carswell, oversee communications with the public, and review personal trading activities of Kevin Carswell as well as any account over which Kevin Carswell has a direct or indirect beneficial interest.
As a registered representative of LPL Financial, Kevin Carswell is subject to oversight by LPL Financial over all his securities activities and certain outside business activities. Such oversight includes review of Kevin Carswell’s securities business to ensure he appears to be conducting suitable business.
Because Kevin Carswell is a dually registered agent of LPL Financial and Advisor Resource Council, LPL Financial has certain supervisory and administrative duties to the requirements of Code of Conduct Rule 3040. In that regard, LPL Financial will require and furnish certain account opening documentation to be completed by the client and Kevin Carswell. Once all such materials and forms have been completed by clients in consultation with Kevin Carswell, he is required to submit these materials and forms to LPL Financial for review and approval, in its capacity as Kevin Carswell’s Broker/Dealer. Such review does not include the provision of investment advisory services to the Advisor Resource Council’s client account.