Added on February 2018 in Form an RIA
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Summary: My journey evolved from the excitement of the launch, to the landing of my first client, to the fear of not knowing what my financial planning deliverable was, to coming to the realization at around six months that “this is working” and I won’t go out of business, to increasing my fees (a few times), to losing my first client, and to eventually paying myself my first paycheck.
Added on January 2018 in Form an RIA
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Summary: Every year RIAs are required to update their Form ADVs with the Securities and Exchange Commission within 90 days of the end of their fiscal year; this year those filings will be a lot more complicated. RIAs have to complete a revised ADV Part 1A form, which requires far more disclosure about separately managed accounts (SMAs), social media, multiple offices and more.
Added on January 2018 in Form an RIA
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Summary: If consumers can automatically pay their Netflix or Amazon Prime subscriptions each month using a credit card, why can't they do the same for financial planning?
Added on January 2018 in Form an RIA
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Summary: The DOL fiduciary rule implementation has been delayed. While consumer advocates applauded the new oversight, very few within the wealth management industry felt the regulation was anything but awkward and clunky. Fewer still believe that nonretirement accounts should have a different, lesser standard of care than retirement accounts.
Added on January 2018 in Form an RIA
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Summary: PFI Advisors, a consultancy focused on transitioning $1 billion plus breakaway teams out of the wirehouses, has introduced a new operations consulting service called COO Resource for registered investment advisors.
