If you decide to set up your own firm, it might be the first time you’ve needed to deal with employees. While you might have managed others before, being the one that employs them is a different ball game. It comes with much more responsibility, and understanding and...
Break Away From The Pack
Year: 2022
3 points to remember when you leave your firm
Brokers who decide they’re going to leave the firm they’re currently with must ensure they’re appropriately doing things so they don’t violate any laws. They also have to review the terms of their contract to determine what terms are present there. One of the most...
How do you manage unhappy clients at your investment firm?
Starting your own investment firm is a rewarding experience for most people. Some don’t think about planning for what happens if there’s an unhappy client with the firm. It can be a challenge to deal with these individuals, but there’s a chance that you could secure...
Can arbitration solve finance disputes?
Historically, litigation has been the most common way of resolving financial disputes, costing corporations hundreds of thousands of dollars in legal fees and overhead. However, it’s not the only option you have to solve problems. Arbitration is used more frequently...
How to move with your clients when starting your breakaway RIA
Loyal as you may be to your firm, you won’t remain there forever. Perhaps you’re craving to become your own boss or feel ready to start a new chapter in your career. Whatever your reasons, becoming a self-employed financial adviser is a wise decision. After working...
Items to address in a partnership agreement
If you and a new business partner are creating a partnership agreement while starting your own financial advisory firm, it’s a good idea to get everything in writing before you begin. This legal agreement can give you guidance, and it can provide structure as you move...
Reasons people start their own financial firms
After you graduated from college, you took a job at a financial firm because this was your area of study and you felt like it was the best way to learn the industry. But you’re not sure that you want to work for someone else for the rest of your life, and you’re...
Will restrictive covenants stop you from starting your own firm?
There are always risks when you decide to form a newly registered investment advisor (RIA) entity. You may have a hard time bringing in clients, and you may work much longer hours than you do as a salaried employee at someone else's business. However, if your efforts...
Tips for successfully managing your workforce
The past two years have ushered in a whole new world of employee management. Whether your team is in the office, working from home or a hybrid, there are a number of ways to keep the team humming and happy. Judicious hiring Many performance and management issues can...
Plan for a potential data breach
As an emerging financial services firm, you have to remember that your client’s privacy is a priority. You don’t want to be the firm that’s responsible for a data breach that leads to your client’s information being made public or being available on the dark web. ...