Added on November 2014 in Form an RIA
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Summary: The Financial Industry Regulatory Authority is moving ahead with its controversial plan to collect broker-dealer account data through its Comprehensive Automated Risk Data System (CARDS) program as FINRA is “getting to problems where investors are severely harmed too late,” and is "testing" the impact of its broker recruitment compensation plan, Richard Ketchum, the self-regulator’s CEO, said Monday.
Added on November 2014 in Form an RIA
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Summary: SEC Chair Mary Jo White believes that the fiduciary standard rule in the works at the regulator is "enormously important." Yet she declined to specify her position on the rule or exactly when it might arrive, noting the complexity of the issue.
Added on November 2014 in Join an RIA
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Summary: Schwab Advisor Services, which as the leading RIA custodian epitomizes the independent advisor, is making inroads capturing the assets of the least independent among the advisor community, going after the huddled masses of wirehouse advisors — at least the most entrepreneurial among them — who are yearning to breathe free.
Added on November 2014 in Form an RIA
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Summary: Finra has a way to go to convince the brokerage industry that a massive brokerage-account-information collection system will be good for the financial markets. At the Securities Industry and Financial Markets Association annual conference in New York on Monday, the organization's leader said that it opposes the proposal, known as the Comprehensive Automated Risk Data System.
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Summary: For years now, it’s been getting more difficult and expensive to find and train good advisor professionals. At our firm, we see this as a consequence of an industry growing up — as the industry matures, it becomes more challenging to find, train and retain the right people
