From On Wall Street
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Summary: There are many reasons why financial advisors leave big firms such as Merrill Lynch or Wells Fargo and go independent. Two veteran industry recruiters – Howard Diamond, managing director and general counsel of Diamond Consultants of Chester, N.J., and Mark Elzweig, president of Mark Elzweig Co. of New York – discussed some of the top reasons advisors venture forth on their own.
From InvestmentNews
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Summary: Market appreciation alone doesn't explain the continuing growth of the RIA channel. Overall, there was a 21% increase in the total assets under management of all included firms in the InvestmentNews RIA Data Center, from $1.1 trillion at the same time in 2014 to $1.3 trillion this year. Ten states in particular saw asset growth of over 40% — Massachusetts, Texas, Maryland, Virginia, Missouri, Tennessee, New Hampshire, Utah, Nevada and South Dakota — while no others saw growth of over 30%.
From Think Advisor
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Summary: While compliance officers are more confident in their firms’ use of new communications channels for business, including social media, they’re concerned about the retention and production of text messages, with most firms that allow their employees to conduct business via texts stating they have "minimal to no" confidence in their ability to produce such messages during a regulatory exam, according to a survey released Friday by Smarsh.
From IRIS
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Summary: We work with partners from formation to succession. We provide a “how-to” guide to get the most out of their specific partnership, so they can have a thriving business and a great relationship. We take business partners through a process; generally this involves assessing where they are, conducting facilitated meetings, and capturing what they have agreed to.
From Think Advisor
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Summary: Rep. French Hill, R-Ark., a member of the House Financial Services Committee, said Thursday that he plans “to explore” introducing a bill that would give the Financial Industry Regulatory Authority the authority to examine investment advisors
