The SEC should classify smaller firms based on employee headcount instead of assets under management, according to the IAA’s General Counsel.

This framework can aid in wealth accumulation and help business-owner clients attract and retain top talent.

With the “free money” well running dry, compliance is one area that heavily regulated firms should think long and hard about before cutting to conserve cash.

The businesses will pay a combined $850,000 for allegedly using hypothetical performance in advertising without updating their policies and procedures to comply with the rule.

By combining the right strategies and embracing change, RIAs can adapt to the evolving market landscape and create a legacy that withstands the test of time.