Trying to create a somewhat whimsical theme for a cover story on regulatory and compliance issues took some doing.
We all know these are tough times for advisors — akin to the Wild West when it comes to keeping up with new rules and ever-changing regulations. That’s why it seemed to make sense for this cover story to have the headline “Regulatory Wrangling” and for Art Director Chris Nicholls to rustle up the right images.
As HighTower CEO Elliot Weissbluth explained, advisors tell the RIA consolidator that they used to spend about 20% running their practices, but now they spend 80%! Along with other changes, the regulatory shifts “take a drain on their enthusiasm,” Weissbluth says.
Washington Bureau Chief Melanie Waddell rounded up opinions from the top regulatory minds to highlight the key tasks advisors and broker-dealers will need to focus on in 2018. She also explains many details associated with the required forms and reporting steps that advisors can look forward to tackling in the coming months.
Our 2018 Career Guide features a discussion of the most constructive ways advisors can keep “Adapting to the Millennial Disruption,” which is the name of the lead story in this special section of Investment Advisor.
The piece was written by Angie Herbers and Alex Garcia of Beyond U, Inc., a new online practice-management training platform for the next generation of financial advisors; Herbers also is the head of FourPointe Consulting and a monthly columnist for this publication.