From On Wall Street
Added on September 2016 in Form an RIA
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Summary: A TD Ameritrade Institutional survey this year found that among brokers considering a switch to the registered investment adviser model, there are three main fear factors that keep them pulling the trigger: financial uncertainty, business operation risks and the potential for losing clients.
From WealthManagement.com
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Summary: Business continuity and disaster planning has been a focus of the Securities and Exchange Commission in its examinations of Registered Investment Advisors in recent years, following the impact of disasters such as Hurricane Sandy on advisors in the affected region, as well as increased concern over cybersecurity risks.
From Financial Advisor IQ
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Summary: Because a founder’s attachment to their practice has an emotional component, it’s possible they will want stay past when they said they would retire, according to the Journal. That’s why it’s important to lay out in writing an actual timeline for their departure, Vanessa Oligino, director of business performance solutions at TD Ameritrade Institutional, tells the paper.
From Think Advisor
Added on September 2016 in Other Ideas
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Summary: By April 2017, investment advisory firms will have to be in compliance with the Department of Labor’s new fiduciary rule requiring them to adhere to a “best-interest standard” in advising their customers.
From Financial Planning
Added on September 2016 in Form an RIA
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Summary: For some time, banks and credit unions have been urging customers to change their business from transactional to fee-based. Those who have resisted have a variety of reasons supporting their status quo position. However, at this point, conversion appears to be almost mandatory.
