From Financial Advisor IQ
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Summary: With more than half of all advisors in teams, consensus among opinion-makers in the wealth advice industry holds that independent sole practitioners – generalists by necessity – are a dying breed as more specialized FAs at ever-bigger firms come into their own.
From Think Advisor
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Summary: Most advisors are aware of the technology that requires the most attention in their firms: software, product vendors, processes and best practices. Given this understandable order of things, it often happens that the hardware your firm uses becomes somewhat of an afterthought.
From InvestmentNews
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Summary: Though subconscious bias favors older white males when prospects choose a financial adviser, many professionals hoping to break through and make a standout first impression can heed the advice of these successful planners. Some say it's all about passion, while others focus on making the prospect feel comfortable and important.
From Think Advisor
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Summary: Securities and Exchange Commission officials addressed enforcement priorities at the agency, including cybersecurity, insider trading and financial reporting, in a panel discussion at the Rocky Mountain Securities Conference in May. The conference is co-sponsored by the SEC and the Business Law Section of the Colorado Bar Association.
From InvestmentNews
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Summary: The Best Interest Contract Exemption is one of the main pillars of the Labor Department's fiduciary rule. Without it, many brokers and advisers wouldn't be able to continue doing business in retirement accounts under current business practices and compensation arrangements. But with it, there is a way forward (albeit with more compliance requirements and litigation risk).
