From Barron's Advisor Center
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Summary: The challenge for established firms is upgrading portfolio accounting and reporting legacy software that contains many years of transactional data for thousands of accounts. With so much important client data at stake, advisors attempt to tackle the legacy dilemma by keeping their current technology. Let’s review a couple of questions I’ve heard from advisors.
From InvestmentNews
Added on January 2018 in Join an RIA
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Summary: For years, many wirehouse brokers wouldn't consider moving to an independent broker-dealer — and for good reason. The technology at IBDs wasn't on par with the wires. They had no public branding to bring clients in the door. And perhaps above all else, their recruiting bonuses were measly compared with those offered by wirehouses.
From ThinkAdvisor
Added on January 2018 in Form an RIA
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Summary: Every year RIAs are required to update their Form ADVs with the Securities and Exchange Commission within 90 days of the end of their fiscal year; this year those filings will be a lot more complicated. RIAs have to complete a revised ADV Part 1A form, which requires far more disclosure about separately managed accounts (SMAs), social media, multiple offices and more.
From Financial Planning
Added on January 2018 in Join an RIA
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Summary: Denholm was concerned about what he saw as overemphasis on cross selling, and he wanted to have better technology when servicing clients. So last June, the former Wells Fargo advisor, who oversaw about $200 million in client assets, left to form his own RIA, IronBridge Private Wealth, in Austin, Texas.
From WealthManagement.com
Added on January 2018 in M&A Issues
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Summary: The registered investment advisory channel is “ripe” for consolidation, and a short list of firms capitalizing on the market environment have experienced tremendous growth in the last five years.
