From InvestmentNews
Added on March 2018 in Form an RIA
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Summary: When I entered the financial services industry 20 years ago, the term "going independent" referred to registered representatives moving their book of business to an independent broker-dealer and being compensated as independent contractors. Fast forward two decades and the meaning of the term has completely opened up and now encompasses a whole slew of models and structures for how a financial adviser can run their business.
From WealthManagement.com
Added on March 2018 in Form an RIA
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Summary: Late yesterday, a U.S. Court of Appeals for the Fifth Circuit panel struck down the Department of Labor’s fiduciary rule. But industry executives and experts say the industry will continue down the road toward a fiduciary standard, regardless of the court’s decision.
From Think Advisor
Added on March 2018 in Form an RIA
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Summary: While amended Form ADV filings are due on March 31, a Saturday, the Investment Adviser Registration Depository (IARD) “is open for business,” Paul Cellupica, deputy director of the Securities and Exchange Commission’s Division of Investment Management, warned advisors Thursday.
From Financial Planning
Added on March 2018 in Form an RIA
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Summary: The biggest change in my practice since I opened in 2013 is pricing. And it’s not just me – most new RIA owners have gone through at least one pricing iteration. But why is pricing (and service models) so hard to figure out?
From Nerd's Eye View
Added on March 2018 in Form an RIA
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Summary: One of the virtues of working in a broker-dealer or especially a wirehouse environment is that the firm makes a number of decisions for you as the advisor, greatly expediting the process of being able to quickly launch your business and focus on working with your clients. The bad news is that in at least some cases, it’s much less expensive to simply set up your own advisory firm instead – especially if your focus is on charging AUM or other financial planning fees, such that there’s no need to have a broker-dealer affiliation in the first place.
