From wealthmanagement.com
Added on April 2014 in Form an RIA
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Summary: U.S. securities regulators have unveiled a road map that lays out how they plan to make sure Wall Street firms are prepared to detect and prevent cyber security attacks.The nine-page document, posted April 15, contains examples of the questions Securities and Exchange Commission examiners might ask brokerages and asset managers during inspections.
From Financial Advisor IQ
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Summary: Instead of “disrupting” flesh-and-blood financial advisors, so-called robo-advisors may end up helping them — even as they take business away from traditional vendors, according to Nerd’s Eye View.
From Financial Planning
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Summary: In order to be more transparent, financial advisors should strive to eliminate jargon when conversing with clients. Among the offenders cited: adding alpha, yield curves, basis points and efficient frontiers.We asked a few advisors to add the buzzwords that they thought confused clients -- and to offer us alternative phrasings where possible. Click through to see their list.
From InvestmentNews
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Summary: Advisers who feel like they've lost control of their business and don't know where the workday goes can at least take comfort in knowing they're not alone. Only one-third of the nation's financial advisers feel they are in command of their business and their time, according to a new Financial Planning Association report on time management.
From Think Advisor
Added on April 2014 in M&A Issues
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Summary: Not too long ago, a financial advisor called me to say he heard that a colleague had just sold his independent practice for a pretty penny: three times revenue. Could I get him the same deal? Matt Brinker, senior VP of United Capital, practically rolls his eyes when he hears a story like this: “Every time I am on a panel discussing M&A in wealth management, the first question from the audience is, ‘What are the current multiples?’" Multiples are nice, but they aren’t everything. And they may, in fact, be deceptive. “Price matters, but terms trump price,” says Brinker.
