EFP (Equity Financial Planning) is the property ownership arm of Butterfield's. He has removed IPX as the sole member/manager of EFP and replaced it with a brand new LLC - Savdot, LLC.
Get's confusing - and how the hell can he be allowed to set up any new LLCs is beyond me - but Savdot has 3 members, all Butterfield LLCs. Those are - Rising Sun Investments, RIA Advisory Solutions, and Daphilip.
He has a new statutory agent / counsel for EFP, too.
Is he "properly protecting" the EFP assets, separating them entirely from the IPX judgment?
Or, is he planning an exit - bankruptcy ? - of EFP? I think, with IPX as the member of EFP, the court would deny a bankruptcy filing from EFP. It has to do with IPX and the consent order.
AND what the heck is going on with THIS? -
He issued 50 of these DOTs to his Dabutter LLC on August 30 on properties owned by EFP. I really don't get how he could do this, or what is the purpose of them. Part of her "properly protecting" advice? I don't know how this is even legal! If I had a DOT with him, I would want some answers - NOW.