Added on April 2018 in Form an RIA
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Summary: The Securities and Exchange Commission unveiled a public service announcement to encourage investors to check the background of their investment professional by using the free search tool on Investor.gov before investing.
Added on April 2018 in Form an RIA
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Summary: SIFMA has released its Data Aggregation Principles to protect member firms and their customers against potential security breaches and misuse of personal financial data by third-party aggregators.
Added on April 2018 in Form an RIA
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Summary: The SEC plans to move forward with a proposal to impose new standards of care for investment advisors and broker-dealers who work with retail investors, according to a notice from the commission.
Added on April 2018 in Form an RIA
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Summary: When James Brewer was seeking his own financial adviser in 2005, he was interested in investing in companies that had a history of hiring African-Americans like himself. One adviser he met with was sympathetic and at one point suggested Mr. Brewer consider becoming a financial adviser. A year later, he did just that.
Added on April 2018 in Form an RIA
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Summary: The first thing to consider when contemplating an RIA custodial relationship, is whether a custodian is actually needed in the first place. For advisors who are simply going to charge financial planning fees, and bill clients with a third-party payment processing solution for those finanical planning fees, and while letting clients continue to be self-directed with their actual portfolios (or serve clients who simply don’t have portfolios to invest), then the advisor does need to become an RIA, but doesn’t necessarily need an RIA custodian.
