Added on August 2017 in Form an RIA
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Summary: While fiduciary advocates applaud the Certified Financial Planner Board of Standards’ revised standards of conduct — specifically for expanding the scope of a CFP’s fiduciary duty and moving the industry toward a profession — they say the Board must clear up some ambiguities, and even seek more comments, before adopting the plan.
Added on August 2017 in Form an RIA
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Summary: Are the Certified Financial Planner Board of Standards’ proposed revisions to its Standards of Professional Conduct too weak, too strong or just right?
Added on August 2017 in Form an RIA
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Summary: Following its latest wave of exams, the SEC's Office of Compliance Inspections and Examinations found the results are a decidedly mixed bag when it comes to how firms are working to protect sensitive systems and client information from hackers.
Added on August 2017 in Form an RIA
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Summary: The SEC has made no secret it expects advisors and brokers to ramp up their policies and procedures to guard against cyberattacks. Now, after a second wave of examinations focusing on firms' defenses, the commission's Office of Compliance Inspections and Examinations has produced a risk alert detailing the do's and don'ts for firms.
Added on August 2017 in Form an RIA
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Summary: When meeting with advisers in their offices, I often hear, “The average age of our client base is 67 years old. We know the statistics — 90% of children fire their parent’s adviser. We are scared to death that we will lose the next generation. We need to offer a robo solution because these kids have grown up in the digital age!”
