Added on March 2017 in Form an RIA
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Summmary: [SLIDESHOW] Advice firms filing their form ADVs after Oct. 1 will need to change certain items to meet new requirements adopted by the Securities and Exchange Commission last summer. The additional data will help the SEC focus on examining firms more often that present the greatest risks, said Bridget Farrell, senior counsel in the SEC's division of investment management. She reviewed these items at the Investment Adviser Association Compliance Conference in Washington, D.C.
Added on March 2017 in Form an RIA
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Summary: The first state-mandated cybersecurity regulations in the nation went into effect Wednesday in New York State, requiring a wide range of financial services, banks and insurance firms to adopt measures aimed at protecting client data.
Added on March 2017 in Form an RIA
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Summary: As the wealth management landscape evolves, we continue to watch a steady stream of top advisors leave the traditional wirehouse space for independent RIA models. Although independence invariably gives these advisors greater freedom, flexibility and control, we also need to ask the question, “What’s in it for their clients?”
Added on February 2017 in Form an RIA
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Summary: Cybersecurity regulation is a murky patchwork, so advisors must take it on themselves to proactively work with clients. So writes Wall Street Journal columnist Norb Vonnegut, a wealth manager-turned novelist.
Added on February 2017 in Form an RIA
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Summary: Financial advisors choose to go independent for several important reasons: First, the economics of going independent are far superior to all other channels. In addition, independent financial advisors own 100% of the equity in their practices.
