Added on April 2015 in Form an RIA
1 visitor like this article | Viewed 3964 times | 0 comment
Summary: As I painfully make my way through the long document that comprises the Department of Labor’s much anticipated (or dreaded) proposed rule changes for brokers that work with clients who have IRAs, the sentence that keeps running through my mind is: “We’ve been had.”
Added on April 2015 in Form an RIA
1 visitor like this article | Viewed 3781 times | 0 comment
Summary: When HighTower recently landed the head of a team overseeing $500 million in client assets at Oppenheimer, the move illustrated a nagging problem when groups split: Who gets the clients after a divorce?
Added on April 2015 in M&A Issues
1 visitor like this article | Viewed 4208 times | 0 comment
Summary: After essentially sitting on the sidelines during 2014, private equity firms and banks were again buying up RIA firms in the first quarter of 2015, executing 19 percent of the record-breaking 34 transactions recorded by DeVoe & Company. Private equity firms alone accounted for 13 percent of first quarter deals.
1 visitor like this article | Viewed 3803 times | 0 comment
Summary: While initially seen as a competitor to advisers, many see the automated investment advice as a potential benefit for advisers in terms of helping them scale their practice and serve younger or mass affluent clients at a lower price.
1 visitor like this article | Viewed 3867 times | 0 comment
Summary: There are two categories of people: those who have been hacked and those who are going to be hacked. That’s what an FBI official in the agency’s cybercrime department told a standing-room-only client event on cybersecurity hosted last year by LJPR LLC, a Troy, Mich.-based registered investment advisor with roughly $700 million in assets under management
