Break Away From The Pack
Generally, most newly registered investment adviser (RIA) firms require custodians. Following the enactment of the 1940 custody of rule of the Investment Adviser Act, every investment adviser is required to use a “qualified custodian” or be subjected to additional...
Going independent should never be a snap decision. After all, starting a firm from the ground up is no small task. However, with the proper guidance and information, the rewards are yours to enjoy. Taking the big leap and starting your RIA firm could be the most...
The Financial Industry Regulatory Authority (FINRA) is a non-profit regulatory organization in which individuals in the financial industry take up membership. FINRA operates as requested with the U.S. Securities and Exchange Commission (SEC) and has the authority to...
Getting ready to branch out on your own as a new RIA can be an exciting time. You have spent years developing your skills and knowledge, and now you are interested in creating your firm. While many people are seeking your assistance as a registered financial advisor,...
Now is the time to start working on a stronger relationship with your current employer, clients, co-workers as well as investigating requirements and options. This season of due diligence will pay dividends down the road when it comes time to make the leap to your own...
Brokers, dealers and financial advisors that are considering leaving large wirehouses to go independent or join another Registered Investment Advisor (RIA) are often plagued with questions about the pros and cons of doing so. They may find themselves echoing that old...
This month, President Biden announced that he's planning to sign an executive order that would limit the use of non-compete agreements. While the specifics of the order weren’t announced, it would involve asking the Federal Trade Commission (FTC) to develop new rules....
Diversity and inclusion are two concepts that individuals in organizations of all types and sizes across the nation are discussing and implementing from the highest levels on down. There are differing ways that firms are doing this. Most agree, however, on the...
As someone who works in the financial advising industry, you're likely well aware that there's no real cap on income. You likely know that your ability to continue generating income is contingent upon your ability to keep a steady flow of customers coming in your...
Opening the mail to discover someone is trying to sue you can make you wish you had never gone into business. You will go through a range of emotions, from surprise to anger to distress. The important thing is to realize that your first reaction might not be your best...