From ThinkAdvisor
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Summary: For a long time, a key question raised about the financial advisory firms focused on when they would add a digital advice service. Now that so many firms have done so, the focus is on the future of digital wealth management, which includes legacy firms; the outside firms they partner with for digital offerings, like SigFig; and stand-alone robo-advisors like Betterment.
From Financial Planning
Added on June 2017 in M&A Issues
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Summary: Consolidation among smaller and mid-sized firms has become a fact of life in our industry, and acquisitions are a staple of media coverage. What has received less attention has been the number of transactions in which the smaller firm seeks out a deal specifically to get out of the broker-dealer business and become an independent branch of the acquiring firm.
From ThinkAdvisor
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Summary: If you’re like many RIAs, you take pride in the fact that you always act in the best interests of your clients. You don’t sell high-commission products like nontraded REITs or equity index annuities. So you might be assuming that the Department of Labor’s fiduciary rule, which begins its phased implementation on Friday, doesn’t apply to you.
From InvestmentNews
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Summary: RIA owners can follow these four steps to get the most out of technology while protecting themselves from cyberthieves. When advisers make smart decisions about technology usage, they are engaging in a pre-emptive strike against potential fallout from future cyberattacks.
From Wall Street Journal Online
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Summary: [PODCAST] The Wall Street Journal's Michael Wursthorn discusses why financial advisers tend to switch firms, and offers tips on what clients can do should their adviser change jobs.
