In a growing advisory practice, particularly one with more than one office, span of control becomes another big challenge. Cultural breaks often occur when satellite offices are not included in the mainstream. It helps to embed culture carriers from the main office into the other locations. Further, most technology solutions for RIAs are not geared to multi-office operations, so firms may need to think about how they will build bridges, links, and processes that can be managed across offices and among many different people. Quality control processes like the review of work papers and recommendations by a detached partner or principle may become even more important to ensure that all business is done consistently and correctly.
Access complimentary resources from Cambridge Investments to help navigate the fiduciary rule changes.
If you’re thinking of changing broker-dealers, you owe it to yourself to read this article that covers all major aspects of the transition process.
This White Paper outlines the immediate actions firms can take to correct outdated and costly supervision procedures.
Sep 27, 2016
Some broker-dealers have already decided to exit certain lines of business and are sizing up how the rule will impact their IT and compliance budgets....
Sep 20, 2016
This webcast will review the key aspects of the amendments and the steps that funds and intermediaries can take in order to comply with the...
Sep 13, 2016
Nationwide is providing a deeper look into the rule’s implications and a discussion of decisions firms will need to make in order to comply.