From InvestmentNews
Added on April 2014 in Form an RIA
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Summary: Last week, the SEC issued new guidance on social media and the Rule 206(4)-1 "Testimonials" rule. While the guidance did not provide much clarity on ongoing sticky issues such as whether LinkedIn "endorsements" constitute testimonials, it did provide important clarification to one key area: third-party adviser review sites
From InvestmentNews
Added on April 2014 in Form an RIA
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Summary: The dust from the regulatory shakeout after the financial crisis is still settling, but today, firms that sell products and services to advisers need more than ever to demonstrate value by helping them navigate their evolution to fee-based services.
From Financial Planning
Added on April 2014 in Form an RIA
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Summary: Dually registered advisors can provide fee-based advisory services through the RIA wing of the practice while also offering clients a galaxy of commission-based products. Many RIAs like the option because they don't have to send clients elsewhere to purchase insurance or a variety of other products; broker-dealer reps find they can differentiate themselves by offering more fee-based services.
From Financial Planning
Added on April 2014 in Form an RIA
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Summary: Planner Winnie Sun isn’t afraid of social media. For the past decade, she’s used it to build her firm, Sun Group Wealth Partners of Irvine, Calif. But the LPL advisor says she has serious concerns about new guidance from the SEC allowing advisors to publish links to third-party testimonials from websites like Yelp that rate and publish public comments about establishments ranging from restaurants and plumbers to investment advisors.
From Financial Advisor Magazine
Added on April 2014 in Form an RIA
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Summary: Securities and Exchange Commission Chairman Mary Jo White said Tuesday she is telling her staff that examining small investment advisors is important.The SEC’s use of computer modeling to determine which advisors to examine might not bring up large numbers of smaller advisors because they are not as risky as larger operations.
