Break Away From The Pack
A successful business often requires a strong team. This also applies to advisors looking to build a breakaway firm. A natural first thought might be to hire former colleagues at your previous company. This move has advantages and disadvantages, which you must...
Breaking away from a top wirehouse as a Registered Investment Advisor (RIA) to start your own firm takes a lot of courage and know-how. After you comply with registration requirements, there’s more to do once you’ve formed your team of financial advisors. Their...
Breaking away and starting your firm can pose many challenges that may come with becoming an employer. Aside from overseeing operations, you also need to manage employees who can commit missteps, especially when they are new to the job. Making mistakes with day-to-day...
In recent legal developments, California Assembly Bill 1076 has emerged as a significant piece of legislation, inspiring substantial changes in regard to the enforceability of non-competition agreements. Many people in the business community know that non-compete...
Effective workforce management is important for sustained success in the business world. One powerful tool that often goes overlooked is the creation of an employee handbook. An employee handbook, strategically crafted and regularly updated, can serve as the...
Employees have a right to a safe work environment. One of the dangers employees face is discrimination. Discrimination is the unfair and prejudicial treatment of others based on individual characteristics. Discrimination can target many different things, such as...
Restrictive covenants are legally binding clauses typically found in employment contracts. They are created to protect a company’s interests by restricting certain activities of an employee, especially after they leave the company. These clauses become particularly...
As a financial professional, are you thinking of leaving your firm and starting your own? Maybe you believe that there are plenty of potential clients and you would be able to give them better services if you had fewer cases and you just worked for yourself. Maybe...
The relationship between financial advisors and clients is built on trust. Introducing a new advisor to your clients is a crucial step that needs to be executed with thoughtfulness and tact. If you manage it poorly, you risk alienating your clients. They may decide to...
For investment professionals, reputation is everything. Clients must be able to trust you to make the best decisions for their assets. These days, that trust can disappear in minutes with one viral social media post. You likely remember such a post on Twitter a few...