Added on September 2014 in Form an RIA
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Summary: As regulatory reporting demands increase, software providers are coming up with new products to help broker-dealers and advisory firms comply.
Added on September 2014 in Form an RIA
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Summary: When a financial-advice practice becomes a business, the seemingly subtle semantic shift can actually herald a big increase in litigation risk. No longer are advisors simply serving clients on their own or as part of a team. Rather, they own a real asset composed of business processes, staff and investment strategies. But along with this asset’s rewards and autonomy comes the notion of business risk, including the possibility of getting sued. Financial advisors should watch for these three emerging litigation threats.
Added on September 2014 in Form an RIA
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Summary: Investment advisory firms would pay anywhere from a couple thousand to millions of dollars annually in user fees to fund Securities and Exchange Commission exams, if the agency uses that approach to increase its adviser oversight, according to a new study released Wednesday.
Added on August 2014 in Form an RIA
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Summary: Securities and Exchange Commission examiners haven't slowed down during the dog days of summer, according to compliance consultants who attribute the uptick in the SEC exam pace to the agency's focus on registered investment advisers who have never been examined. At the beginning of the year, the SEC launched a program to target about 1,000 advisers who have been registered for three years or more without being audited. The agency hopes to examine about half of them over the next two years.
Added on August 2014 in Form an RIA
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Summary: In Bob Veres’ latest column in Financial Planning, he says any move to force brokerage representatives to adopt the strict client-first standard of RIA advisors risks getting crushed or watered down by brokerage-backed lobbyists.
