How Automation and Scalability Can Keep You Compliant
For an RIA firm to survive an audit in the age of transparency, it must gather and process data differently. Here are three tips to do so.
Ultra-HNW Families Don’t Cede Control to Advisors: Study
Institute for Private Investors finds that as asset levels increase, families are less likely to abdicate control.
Re-Education: Will More CE Hours Make CFPs Better Planners?
CFPs will have to decide for themselves whether being thrown the bone of practice management is worth the 33% increase in CE hours.
Oversight Board Calls First Report on BD Audits ‘Disturbing’
The PCAOB’s first report on the interim inspection program for auditors of SEC-registered BDs has found many of the audits lacking.
Glass Half Full: Why Knut Rostad Remains Optimistic on Fiduciary
For investors, says Rostad, “the new normal is not just distrust, it’s disgust.” So they, especially the young, will turn to technology solutions for their advice needs. How will you react?
FINRA at 5 Years: Highlighting 7 Areas of Action
Quite a bit has happened in those five years: billion-dollar frauds, a flash crash exposing major volatility issues and a bill supporting FINRA as advisors' SRO, to name a few developments.
Going for Gold: Rep. Bachus Wins the Prize for Fuzzy Thinking on RIA SRO
Congressman Bachus’ WSJ piece on the benefits of an SRO for advisors sets what might be a world record for faulty assumptions, wrong conclusions and inaccuracies.
Rep. Bachus Tells Advisors to Police Themselves
Federal regulators “whose job is to enforce the law and protect investors from bad actors, often had no clue."
Why Isn’t the SEC Doing Its Real Job?
Two readers identify the real problem with the SEC: it focuses on compliance with the letter of the law, rather than trying to catch the bad guys.
Could You Have Saved These Clients? 7 Scams That Hit Celebrities Hard
Financial scandals are usually named for their perpetrators, not their victims, unless those ripped off are the famous.