Articles from Around the Web

Why The Super-OSJ Model Is Far From Doomed – Financial Advisor Magazine

2018-10-12T09:42:57+00:00

Super-OSJs are not only here to stay for the long term, but some of them may outlast the Broker-Dealers.  There is no arguing that these firms are also competing and some are struggling in a margin compressing environment, but like so many other industries, the strongest won't just survive, they will thrive. Read More

Why The Super-OSJ Model Is Far From Doomed – Financial Advisor Magazine 2018-10-12T09:42:57+00:00

Ex-LPL recruiters start new firm with an eye toward their old one – Financial-Planning.com

2017-12-19T16:57:23+00:00

"Three former LPL Financial recruiting executives have launched their own firm, aiming to tap their many contacts while helping financial advisors address important questions often overlooked during outreach by prospective employers." Read More

Ex-LPL recruiters start new firm with an eye toward their old one – Financial-Planning.com 2017-12-19T16:57:23+00:00

Is Finra Outdated?

2017-12-13T17:18:08+00:00

This article from Think Advisor highlights the shrinking of Broker/Dealers and the expansion of RIAs.  The entire industry is doing more fee based advisory business, which is being driven by the DOL.  The real question that should be asked isn't is Finra outdated, it is when will Finra start overseeing RIAs? While there are plenty of [...]

Is Finra Outdated? 2017-12-13T17:18:08+00:00

Independent Advisor’s Succession Partner is a Bank

2017-12-13T17:18:08+00:00

Under the right circumstances, Banks can be a great partner or succession plan for an independent advisor or RIA.  Unfortunately, not all banks are the same, but those that are progressive in their thinking can be a great partner or succession plan for an independent advisor.  Banks have money to spend and are continuously looking [...]

Independent Advisor’s Succession Partner is a Bank 2017-12-13T17:18:08+00:00

The SEC Is Discussing A Single Fiduciary Standard, Again!

2017-12-13T17:18:08+00:00

Both RIAs and Broker/Dealers will have the same fiduciary standard when selling investments or making recommendations to clients.  This issue dates back to 2010 when Dodd/Frank officially became a law.  For those of you who aren't tracking the status of Dodd/Frank, within Dodd/Frank there is a provision for the SEC to develop a single fiduciary standard for [...]

The SEC Is Discussing A Single Fiduciary Standard, Again! 2017-12-13T17:18:08+00:00

The DOL’s Proposal Also Affects RIAs

2017-12-13T17:18:08+00:00

The final version of the DOL's proposal is expected in the next 30 - 45 days.  It is expected to change the way advisors sell products in retirement accounts and decrease the commissions generated from those sales.  There are advisors that have spent years building a recurring revenue business utilizing investments that pay a trail commission and [...]

The DOL’s Proposal Also Affects RIAs 2017-12-13T17:18:08+00:00

Pending Regulatory Changes May Affect BD Landscape

2017-12-13T17:18:08+00:00

"Independent BDs are facing a number of regulatory changes in the next 12-24 months.  The winning firms will be those that are best positioned to adapt."  Reposted from Investment News.com While everyone seems focused on the DOL's proposal, it isn't likely going to be the only major change the industry has to deal with in the next few [...]

Pending Regulatory Changes May Affect BD Landscape 2017-12-13T17:18:08+00:00

DOL Proposal Takes Next Step

2017-12-13T17:18:08+00:00

The DOL's proposal has just taken the next step in becoming a reality.  Reposted from Think Advisor.com   The DOL filed with OMB late Thursday its rule to change the definition of fiduciary on retirement advice. As anticipated, the Department of Labor sent late Thursday its rule to redefine fiduciary on retirement advice to the [...]

DOL Proposal Takes Next Step 2017-12-13T17:18:08+00:00

“Regulatory Arbitrage”

2017-12-13T17:18:09+00:00

The President of Fidelity's National Financial is quoted as saying there is a regulatory arbitrage for advisors that are going RIA.  Does anyone not think that Dodd/Frank may impact RIA compliance requirements in the future? Here is the Article: https://www.financial-planning.com/news/can-ibds-hang-on-to-independent-advisors

“Regulatory Arbitrage” 2017-12-13T17:18:09+00:00

SEC audits 10% of RIAs

2017-12-13T17:18:09+00:00

Interesting article in Investment News:  The SEC is becoming more vocal that they will need to start assessing fees to RIAs in order to keep up with audit requirements.  Anyone thinking about becoming an RIA should understand what the implications might mean to them.  http://www.investmentnews.com/article/20150104/REG/301049999/the-ria-exam-equation  

SEC audits 10% of RIAs 2017-12-13T17:18:09+00:00