From Financial Advisor IQ
Added on November 2015 in Form an RIA
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Summary: While wirehouses have made progress in adopting more ethically sound business practices, these brokerages still have structural issues in letting their advisors work freely and openly. As a result, they are using their propaganda machines to convince advisors to stay put and not break away. Below are some of the most common myths we see wirehouse executives propagating.
From Wall Street Journal
Added on October 2015 in Form an RIA
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Summary: When Mr. Strid, his father and his brother launched their own business, they knew that they would have to manage the human resources, technology and payroll functions that Wells used to handle. But doing so took up more time than they had anticipated, Mr. Strid says. In response, they decided to have Mr. Strid’s brother Paul assume the role of chief operating officer to handle the operations workload. They then hired another adviser to service Paul’s clients.
From Wall Street Journal
Added on October 2015 in Form an RIA
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Summary: For financial advisers who launch their own independent practices, having equity is king. Those ownership stakes are very different from the shares many held in big securities firms that previously employed them. The private-company equity comes with big advantages but also risks.
From Financial Advisor IQ
Added on October 2015 in Form an RIA
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Summary: Cyber attacks are causing real-world losses across the spectrum of the economy, and financial companies also have to contend with the subsequent threat of regulatory fines resulting from any breaches. For better preparedness, financial-advice practices need to have a solid plan and a tool kit of software, CNBC.com writes.
From Wall Street Journal
Added on October 2015 in Form an RIA
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Summary: Compensation is the wrong way to make your decision. The decision starts and ends with clients, as highlighted in these four questions you should be prepared to answer.
