Added on April 2014 in Form an RIA
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Summary: While most Certified Financial Planning professionals still respect the spirit and intent of the CFP designation, many believe it is losing its appeal and value in light of recent scandals involving the CFP Board, the certifying and standards-setting organization for Certified Financial Planners.
Added on April 2014 in Form an RIA
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Summary: More financial advisors are firm-hopping this year, according to industry experts. By way of explanation, insiders cite last year’s market surge, which left brokers with solid “trailing 12” production numbers and clients with a warm, fuzzy feeling that could make them loyal to their advisors. Fear of impending compensation-disclosure rules may also be prompting brokers to make their moves now. But whatever an advisor’s reason for switching firms, experts agree that doing so is easier than it used to be, thanks to the Protocol for Broker Recruiting, which will be 10 years old this August.
Added on April 2014 in Form an RIA
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Summary: Now that the SEC has allowed advisers to use third-party client reviews on their websites or social-media pages, it's time to figure out what kinds of uses will run afoul of industry regulators. Test your compliance knowledge with these five client review sharing scenarios to figure out if you're up to speed.
Added on April 2014 in Form an RIA
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Summary: Wall Street's self-regulator is no longer trying to extend its reach to registered investment advisers.Finra oversees brokers, who operate under a distinct set of rules from registered investment advisers, or RIAs, who are supervised directly by the Securities and Exchange Commission and the states.
Added on April 2014 in Form an RIA
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Summary: Last week, the SEC issued new guidance on social media and the Rule 206(4)-1 "Testimonials" rule. While the guidance did not provide much clarity on ongoing sticky issues such as whether LinkedIn "endorsements" constitute testimonials, it did provide important clarification to one key area: third-party adviser review sites
