Added on November 2015 in Form an RIA
1 visitor like this article | Viewed 2930 times | 0 comment
Summary: Financial advisors beware: Your firm’s compliance department is watching you, surveilling your personal brokerage accounts and possibly monitoring your Facebook, LinkedIn and Twitter pages. A new survey from Compliance Solutions at Charles Schwab found that compliance officers spend approximately 11 hours per week monitoring and surveilling employees’ brokerage accounts, and half are also watching employees’ social media pages.
Added on November 2015 in Form an RIA
1 visitor like this article | Viewed 3059 times | 0 comment
Summary: Solo advisers make up over half the industry — and are likely here to stay. Still, their ranks are shrinking while those at ensemble firms grow. Why? For one, it's difficult to start out as a solo adviser in today's industry. Next-Gen advisers, especially, see value in joining a firm that offers professional development, established procedures and protocols, and a known brand among clients and prospects.
Added on November 2015 in Form an RIA
1 visitor like this article | Viewed 2831 times | 0 comment
Summary: While wirehouses have made progress in adopting more ethically sound business practices, these brokerages still have structural issues in letting their advisors work freely and openly. As a result, they are using their propaganda machines to convince advisors to stay put and not break away. Below are some of the most common myths we see wirehouse executives propagating.
Added on October 2015 in Form an RIA
1 visitor like this article | Viewed 3150 times | 0 comment
Summary: When Mr. Strid, his father and his brother launched their own business, they knew that they would have to manage the human resources, technology and payroll functions that Wells used to handle. But doing so took up more time than they had anticipated, Mr. Strid says. In response, they decided to have Mr. Strid’s brother Paul assume the role of chief operating officer to handle the operations workload. They then hired another adviser to service Paul’s clients.
Added on October 2015 in Form an RIA
1 visitor like this article | Viewed 3033 times | 0 comment
Summary: For financial advisers who launch their own independent practices, having equity is king. Those ownership stakes are very different from the shares many held in big securities firms that previously employed them. The private-company equity comes with big advantages but also risks.
