From On Wall Street
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Summary: The landscape for a financial advisor or team that is contemplating independence is abundant with opportunity. The newest development to take shape in this niche is the size of the teams moving to the registered investment advisor arena.
From InvestmentNews
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Summary: About 52% of advisers have had internal staff or a third party run their firms through a simulated examination of the kind that the Securities and Exchange Commission conducts periodically of advisers, according to a survey by the Investment Adviser Association in April and May.
From Financial Planning
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Summary: During a Financial Planning webinar addressing audit readiness, Brian Hamburger, founder and president of MarketCounsel, a leading business and regulatory compliance firm, and Robert Molinari, vice president of compliance at Commonwealth Financial Network, laid out some best practices for preparing for regulatory audits
From Financial Planning
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Summary: When financial advisors choose independence and launch a registered investment advisor, despite the long-term rewards, in the short term, they are operating a business with no revenue and significant expenses.
From On Wall Street
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Summary: When going independent, should financial advisors really go it completely alone? If hiring full-time advisors and other workers isn't an option at the outset, outsourcing, employing virtual employees and using cloud-based services could be good alternatives.
