Not So Fast: A Cautionary Tale on Changing Your Advisory Fees
Yes, flat fees or retainers can smooth out your cash flow, but there’s a little problem: clients don’t like to pay a separate fee when their account balances sink.
New Hire Roundup: Comfort Joins LPL; Clark Moves Up at Clark Capital
This week in new hires, Robert Comfort went to LPL Financial, Brendan Clark was named president of Clark Capital Management and Ken Paieski joined UAT.
‘On the Money’ Radio Host Steven Pomeranz Joins United Capital
United Capital’s media expertise is set to grow along with its assets under advisement with the addition of the radio host whose show appears on NPR.
Envestnet Closes on Prima Capital Acquisition
Prima’s Gib Watson becomes group president of Envestnet | Prima in latest expansion by Envestnet.
Top Compliance Concerns From RCA: Pay-to-Play, Form PF, Social Media
Fresh off starting their new positions at Regulatory Compliance Associates, Craig Moreshead and Lori Weston have zeroed in on three issues that should be on advisors’ radar screens.
Harb, Levy & Weiland Merges With EisnerAmper
San Francisco-based accounting, tax and advisory firm Harb, Levy & Weiland announced Feb. 23 that it has joined forces with EisnerAmper.
Morgan Stanley’s Larry King Joins Dynasty in Indie Partnership
In more news of Dynasty's growing network of indie RIAs, noted wealth manager Larry King said he is leaving Morgan Stanley Smith Barney to go independent on the Dynasty platform.
Ultra-Wealthy Families Made Tactical, Not Strategic Changes Post-2008
Family offices that oversee assets for ultra-high-net-worth European and American families made tactical adjustments but few strategic changes in the aftermath of the 2008 global financial crisis, according to a new survey.
New Hire Roundup: Prudential’s King Named SVIA Chair; Cambridge Promotions
This week in new hires, James King of Prudential Retirements Stable Value Markets Group was elected as SVIA chairman of the board, and Cambridge announced several internal promotions.
Disaster Recovery Plans and Succession Planning
RIAs owe a fiduciary duty to clients to prepare for disasters and other contingencies. If an RIA does not have a disaster recovery plan, clients financial well-being may be jeopardized. RIAs should also engage in succession planning, ensuring a smooth transaction if an owner or principal leaves.