Added on March 2018 in Form an RIA
0 visitor like this article | Viewed 3152 times | 0 comment
Summary: As might be expected, brokers are not especially keen on securities firms leaving the broker protocol, but a new survey from Fidelity finds that firms opting out of the protocol are not likely to prevent reps from leaving.
Added on March 2018 in Form an RIA
0 visitor like this article | Viewed 5460 times | 0 comment
Summary: The traditional asset-based fee model for wealth managers is showing its age, falling behind the times, according to a new report from global consulting firm Simon-Kucher & Partners.
Added on March 2018 in Form an RIA
0 visitor like this article | Viewed 2963 times | 0 comment
Summary: When I entered the financial services industry 20 years ago, the term "going independent" referred to registered representatives moving their book of business to an independent broker-dealer and being compensated as independent contractors. Fast forward two decades and the meaning of the term has completely opened up and now encompasses a whole slew of models and structures for how a financial adviser can run their business.
Added on March 2018 in Form an RIA
0 visitor like this article | Viewed 3327 times | 0 comment
Summary: Late yesterday, a U.S. Court of Appeals for the Fifth Circuit panel struck down the Department of Labor’s fiduciary rule. But industry executives and experts say the industry will continue down the road toward a fiduciary standard, regardless of the court’s decision.
Added on March 2018 in Form an RIA
0 visitor like this article | Viewed 2933 times | 0 comment
Summary: While amended Form ADV filings are due on March 31, a Saturday, the Investment Adviser Registration Depository (IARD) “is open for business,” Paul Cellupica, deputy director of the Securities and Exchange Commission’s Division of Investment Management, warned advisors Thursday.
