Added on January 2015 in Form an RIA
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Summary: Insufficient advisor exams, tax-free exchanges of variable annuities, binary options and reverse churning of clients with wrap fee accounts are among the top concerns the Securities and Exchange Commission’s Investor Advocate has in the new year.
Added on December 2014 in Form an RIA
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Summary: Here’s how not to impress a banker if you’re a financial advisor seeking capital to build your business:Don’t say your plan is to acquire another advisory firm whose clients are paying a 1% asset management fee and you’ll now double your revenue by charging them the 2% fee you’re charging your clients.
Added on December 2014 in Form an RIA
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Summary: The SEC’s examinations of independent advisors have become as rare as they are dreaded, thus adding potentially unfair pressure to the few who are scrutinized while disserving the public by letting most advisors go unaudited.
Added on December 2014 in Form an RIA
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Summary: One of the major themes in the independent financial advisory space in recent years has been the explosive growth of the hybrid Registered Investment Advisory (RIA) firm, a model in which advisors operate their own RIA firm for fee-based business, and simultaneously leverage a broker-dealer for commission-based products.
Added on November 2014 in Form an RIA
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Summary: Financial advisors could face enforcement actions for not deleting misleading social media posts, said Katy Gordon, senior counsel at the Securities and Exchange Commission’s investment management division, who spoke Friday at an American Bar Association Business Law Section seminar on social media in Washington, D.C.
