From Financial Planning
Added on November 2017 in Form an RIA
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Summary: When Morgan Stanley recently announced it was withdrawing from the Broker Protocol — a system installed 13 years ago to lay out clear rules for advisors who leave one firm for another — the decision came as quite the shock to the financial advisory community.
From OnWallStreet
Added on November 2017 in Form an RIA
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Summary: Wirehouse advisors managing over $12 billion in client assets left the big four to join regional and independent firms, continuing a years-long trend of aggressive recruiting among the nation's smaller brokerages.
From WealthManagement.com
Added on November 2017 in Form an RIA
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Summary: These days, advisors must navigate an industry landscape that’s being reshaped by new regulations, demographic shifts and a surge in competition from alternative wealth management strategies. To keep pace with these changes, successful advisors increasingly have turned to tools such as software and other technology to boost efficiency and provide better service to clients. But while technology offers considerable benefits, it also poses a potential threat to advisors and their clients.
From Financial Planning
Added on October 2017 in Form an RIA
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Summary: That’s the message state securities administrators stressed while noting the massive jump in deficiencies found earlier this year in their bulked-up examinations of smaller RIAs. Andrea Seidt, the chairwoman of the North American Securities Administrator Association’s Investment Adviser Section, warned advisors about the trend toward new fee setups.
From WealthManagement.com
Added on October 2017 in Form an RIA
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Summary: After numerous delays, updates and court decisions, the future of the Department of Labor’s Fiduciary Rule remains uncertain. While regulators still have not offered a clear picture of what to expect, advisory firms are using this time to examine their processes and payment structures to ensure they will be prepared to comply.
