Regulation and Compliance issues for Wealth Professionals can be challenging to navigate especially when the SEC is involved. Catch the latest news and analysis on compliance updates that impact financial advisors.
Many wealth managers have spent years, if not decades, of their lives crafting a distinguished image of their practice. Words like “planning,” “trust,” “experience,” “service” and “satisfaction...
To avoid the risk of penalties, advisors should complete a thorough review of their social media compliance procedures and risk exposures over the coming year.
Registered Investment Advisors have long used Form ADV to register with the Securities and Exchange Commission and state securities authorities, but starting next year RIAs will face strict new requirements to also report their use of social media...
Registered Investment Advisers have long used Form ADV to register with the Securities and Exchange Commission and state securities authorities, but starting next year RIAs will face strict new requirements to also report their use of social media...
Sales goals were the scapegoat after John Stumpf’s brutal congregational testimony in late September. Would his plan to eliminate sales goals have solved the problem? We think there are many more important problems that need to...
The new US Department of Labor (DOL) fiduciary rule, to be in effect by April 10, 2017, is, depending on whom you ask a blessing, a curse, or one of the four horsemen of the apocalypse for traditional wealth management firms...
Most successful wealth management practices have one thing in common: They sell service, not performance. There have been numerous industry studies on the topic, and for the most part, top quartile performance doesn’t rate in the top three...
As a nuclear scientist and professor of physics at Yale, my father used to stand in front of his undergraduate classroom holding a skull-crushingly heavy metal ball attached by a cable to the ceiling of the lecture hall. He’d let it swing...
The record keeping industry’s competitive challenges are well known: Lower fees, increasing regulatory requirements and higher technology costs are frequently cited. One result from these pressures is consolidation, and it’s estimated...
