Added on May 2015 in M&A Issues
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Summary: The activity makes the independent investment advisory model one of the fastest-growing financial services segments and points to a healthy, sustainable industry, says Jonathan Beatty, senior vice president of sales and relationship management at Schwab Advisor Services.
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Summary: According to a report by Cerulli Associates last year, only 11% of advisors at RIAs are under the age of 35, and almost half (47%) of advisors at these firms are over 55. That explains why the current generation of leaders in the profession continues to wring their hands over the scarcity of new advisors, prompting some to view it as a crisis.
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Summary: State and federal examiners increasingly expect advisors to have a business continuity and succession plan in place, even if they aren't bound by a specific rule mandating a formal policy.
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Summary: The Securities and Exchange Commission’s Division of Investment Management has released cybersecurity guidance to help advisors and funds address their cyber risks.
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Summary: Finra chairman and chief executive Richard Ketchum told lawmakers on Friday that its controversial massive data-collection program is on hold while the regulator studies whether it would make brokerage information vulnerable to hackers. The CEO, however, did not suggest the proposal is dead.
