More On Legal & Compliancefrom The Advisor's Professional Library
- RIAs and Customer Identification Just as RIAs owe a duty to diligently protect their clients privacy and guard against theft, firms also play a vital role in customer identification. Although RIAs are not subject to an anti-money laundering rule, securities regulators expect advisors to address these issues in their policies and procedures.
- Differences Between State and SEC Regulation of Investment Advisors States may impose licensing or registration requirements on IARs doing business in their jurisdiction, even if the IAR works for an SEC-registered firm. States may investigate and prosecute fraud by any IAR in their jurisdiction, even if the individual works for an SEC-registered firm.
Research magazine is now accepting entries for both of its 2011 advisor recognition programs: The Advisor Hall of Fame, which has become a benchmark of excellence in the 20 years it has run; and its ETF Advisor Hall of Fame, now in its fifth year, which has profiled advisors who make extensive use of ETFs in constructing client portfolios and building their practices.
Advisor Hall of Fame entries must be received by Sept. 2, 2011. Candidates must have served a minimum of 15 years in the industry, acquired substantial assets under management and demonstrated superior client service. A distinguished panel of outside judges will select five advisors for the recognition, which will be featured in the December 2011 issue of Research.
ETF Advisor Hall of Fame entries must be received by July 20, 2011. Our judge, Research ETF columnist Ron DeLegge, will be seeking advisors for whom ETFs are a central focus of their financial services practices; who have a large portion of total AUM invested in exchange-traded products; and who creatively use these products through portfolios that can be mixed and matched to client needs.
Follow these links for more information on the Advisor Hall of Fame and the ETF Advisor Hall of Fame, and to submit your entries.