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Summary: The Securities and Exchange Commission’s exam division is warning registered investment advisors to review their electronic communication procedures, as recent exams showed advisors failed to ensure compliance with SEC rules.
Added on December 2018 in Join an RIA
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Summary: The last bear market jolted a lot of financial advisors, and many are still feeling the impact a decade later. The advisor workforce is smaller today than it was in 2007, even as the number of millionaires is going up each year. While that’s partly due to age and technology, some of the erosion can be traced to strategic and tactical mistakes.
Added on December 2018 in M&A Issues
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Summary: As 2018 wraps up, it looks like another year of record-level consolidation in the financial advisory space. Following are the 10 biggest deals of the year, according to Devoe & Co.
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Summary: When it comes to retirement, one would think that financial advisors would be as meticulous with their own personal retirement planning as they are with that of their valued client base. This has too often rarely been the case, though, and nowhere is this more evident than in the sunset programs many a wirehouse advisor has agreed to.
Added on December 2018 in Form an RIA
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Summary: For advisors, 2018 was all about adapting to major transformation. For firms, it was about the battle for control which left advisors at a crossroads of accepting themselves as agents of their firms or crafting creative ways to break free.
