Blog

RIA Compliance Management Part II – There Has to Be a Better Way

RIA Compliance Management Part II – There Has to Be a Better Way

Published March 20, 2019
Last week in Part I of our RIA Compliance Management blog, we discussed the overwhelming responsibility advisors face in minimizing their exposure to risk when it comes to compliance issues. It’s an all-encompassing job for even a highly qualified CCO, which many independent firms lack.
RIAs are clearly proud of what they …

RIA Compliance Management Part I – There Has to Be a Better Way

RIA Compliance Management Part I – There Has to Be a Better Way

Published March 13, 2019
Compliance management in the RIA industry is quite literally an industry unto itself. Every RIA, whether state registered or SEC-registered, has its own Chief Compliance Officer and unique compliance program. Most of us don’t pay close attention to the sheer size of the RIA industry, but there are currently over 35,000 RIAs …

What Every Advisor Must Know About Paying for Referrals

What Every Advisor Must Know About Paying for Referrals

By: Jim Hooks, Guest Blogger and CCO
Published March 6, 2019
We have talked at length about the importance of networking with other professionals to secure valuable introductions to potential new clients. Do you ever pay accountants, attorneys, or real estate agents for those business referrals? The SEC’s Office of Compliance Inspections and Examinations (OCIE) …

Blogs for Financial Advisors: The Top of 2018

Blogs for Financial Advisors: The Top of 2018

Published February 27, 2019
Part of being a successful financial advisor is continuing to devote yourself to improvement. You want to achieve better results for your clients, help your employees achieve their career aspirations, and in general help your financial firm become all that it can. There are so many avenues to focus on including marketing, …

Why Socialize Your Business Plan: Your Success Hinges On It

Why Socialize Your Business Plan: Your Success Hinges On It

Published February 13, 2019
So, now you have done many of the steps required to create a solid business plan for 2019. What’s left? For one, if you do not get buy-in on your business plan and the goals set forth within from your core constituents, you will never achieve your goals. …

Tips for Setting (and Achieving) Goals for Your Advisory Business in 2019

Tips for Setting (and Achieving) Goals for Your Advisory Business in 2019

Published February 6, 2019
A few weeks ago, we discussed the importance of assessing your current business situation to determine where you can improve. We uncovered the positive outcome of looking at the previous year and identifying what worked well for your firm, and more importantly, what did not work so well. …

Volatility and the Dovish Fed: Market Update January 2019

Volatility and the Dovish Fed: Market Update January 2019

By: Guy Adami, Director, Advisor Advocacy
Published January 30, 2019
In this month’s Market Update Call, Guy Adami was joined by three guest panelists to discuss the outlook for this year including the recent volatility in the markets, the apparent dovish shift of the Fed, and what investors should be prepared for in the coming months. The …

The Financial Advisor’s Guide to a Meaningful Business Review

The Financial Advisor’s Guide to a Meaningful Business Review

Published January 16, 2019
In continuing on the momentum of last week’s blog about creating your strategic vision, the next step in creating an achievable and actionable business plan is assessing your current situation. Take a hard look at what you achieved in 2018 and determine what worked and what did not …

Building Your Strategic Vision as an Independent Financial Advisor

Building Your Strategic Vision as an Independent Financial Advisor

Published January 9, 2019
Last week, we addressed the importance of creating a business plan. As a recap, it is important that the business plan be a living, breathing document; one that changes and is consistently being reviewed. As a reminder, the first step to creating a successful business plan is setting …

Five Things You Must Include in the Best Business Plan for Your Independent Advisory Practice

Five Things You Must Include in the Best Business Plan for Your Independent Advisory Practice

Published January 2, 2019
With the festivities of the holidays behind us, it’s time to start anew. For many independent advisors, that means thinking about their goals for their practice in the new year. But, for the most successful independent advisors, it means creating a business plan that will quantify their goals and then put their …

Affiliating with an Independent Broker Dealer: Evaluating Your Options – Part 2

Affiliating with an Independent Broker Dealer: Evaluating Your Options – Part 2

Published December 19, 2018
Continuing on the theme from part one of our blog series, I previously described the three options advisors have when affiliating with an Independent Broker Dealer (IBD), including starting an RIA (most difficult), affiliating with the IBD’s Corporate RIA (where the advisor can choose between home office supervision …

Affiliating with an Independent Broker Dealer: Evaluating Your Options – Part 1

Affiliating with an Independent Broker Dealer: Evaluating Your Options – Part 1

Published December 12, 2018
Advisors going independent have various options to consider when affiliating with an independent broker-dealer (IBD). One option is to start their own RIA, where the IBD serves as both custodian (for advisory business) and broker-dealer (for brokerage business). This is typically referred to as a “hybrid” platform or structure and in many …

Year-End Planning for Advisors: Practice Clean Up

Year-End Planning for Advisors: Practice Clean Up

By: Julie Galbraith, Guest Blogger and Compliance Liaison
Published December 5, 2018
As the compliance liaison for PAG, one of the main questions I get from advisors at this time of year is “Do you have a checklist of what I am supposed to be doing right now?” The end of the year, in my …

Post-Midterm Election Market Update with Guy Adami and Mona Mahajan

Post-Midterm Election Market Update with Guy Adami and Mona Mahajan

By: Guy Adami, Director, Advisor Advocacy
Published November 28, 2018
It’s just a few short weeks after the midterm elections. What do the outcomes mean for the economy? Democrats were able to flip 29 seats in the house, and Republicans expanded their control of the Senate resulting in a split Congress. Joined today by Mona …

Independent Investment Advisor Conferences: Part 2—What to Attend this Winter

Independent Investment Advisor Conferences: Part 2—What to Attend this Winter

Published November 14, 2018
As a continuation to A Fall Preview of Independent Investment Advisor Conferences, the year finishes with events on each coast the first week in December and then moves into the New Year with events focused on technology, investment management, and compliance.
The MarketCounsel Summit
December …