From Financial Advisor IQ
Added on August 2016 in Form an RIA
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Summary: The majority of financial advisors believe they’ll have to change how they do business in light of the Department of Labor’s fiduciary rule, but few are aware of their firms’ plans to comply with the rule designed to force retirement brokers to put clients’ interests ahead of their own, according to a quarterly survey from Nationwide Retirement Institute.
From Financial Planning
Added on August 2016 in Form an RIA
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Summary: There's definitely a market for digital tools to help advisers navigate expected fiduciary requirements. But providers should tread carefully with their approach, as contemplating regulation-oriented tech upgrades drudges up bad feelings among some advisers about the rule.
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From InvestmentNews
Added on August 2016 in Form an RIA
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Summary: Ryon Beyer recalls spending a week of 17-hour days gathering information that Securities and Exchange Commission examiners wanted in preparation for a routine inspection at the first advisory firm he worked for 14 years ago.
From PFI Advisors
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Summary: There is always a dark side to success. The RIA market has been booming for years, consistently taking assets away from the traditional bank/wirehouse community, and now manages nearly $3 trillion in assets.
From Nerd's Eye View
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Summary: The path of becoming a financial advisor is viewed as a very entrepreneurial one, starting from scratch and building a client base who pay you for services, growing over time into a business that can generate substantial income for the advisor/owner/founder. The growing trend of independent advisors, whether in RIA or broker-dealer form, just further emphasizes the entrepreneurial spirit of the financial advisor community, and their desire to build businesses of value… or at least, a practice that can generate substantial ongoing income throughout their working years.
