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So far Lockton Affinity, LLC has created 30 blog entries.

New Exclusive Health Plan Options for Financial Professionals from Lockton Affinity Advisor Announced

New Exclusive Health Plan Options for Financial Professionals from Lockton Affinity Advisor Announced With open enrollment around the corner, many financial professionals are reviewing next year’s health insurance options. Unfortunately, those choices are often unappealing. When you’re a self-employed business owner, independent contractor or advisor at a very small firm, your options for health insurance [...]

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By | September 29th, 2022|Insurance Information, RIA|0 Comments

Finance, Cyber Attacks and Geopolitics: The Risk to Businesses Like Yours

Finance, Cyber Attacks and Geopolitics: The Risk to Businesses Like Yours Businesses in the finance industry are facing new online risk as cyber attacks and geopolitics merge into a single threat. Cyber attacks have already been at an elevated level for several years. However, the latest geopolitical threat comes in addition to those existing risks [...]

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By | August 22nd, 2022|Industry Information, RIA, Risk Management|0 Comments

Lockton Affinity Advisor Meets Fidelity’s New Insurance Requirements

Lockton Affinity Advisor Meets Fidelity's New Insurance Requirements Large financial firms are taking action to address the increasing risk in the registered investment advisor (RIA) industry. Following closely on the heels of Schwab, the latest is Fidelity Investments Inc., whose Fidelity Institutional business unit serves financial intermediaries and institutions with investment technologies and solutions. In [...]

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By | July 21st, 2022|Industry Information, RIA|0 Comments

Fighting Cyber Fraud: An Introduction to Cyber Insurance for Recordkeepers

Fighting Cyber Fraud: An Introduction to Cyber Insurance for Recordkeepers Now more than ever, retirement plan recordkeepers are at risk of cyber fraud. But there are ways to minimize your exposure. Lockton Affinity’s Tom Schrandt recently penned an article for ASPPA's Plan Consultant Magazine, offering cyber tips for recordkeeping professionals. Tom is a Vice President, [...]

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By | June 16th, 2022|RIA|0 Comments

VIDEO: How to Navigate the Current Fiduciary Liability Insurance Market with Tom Schrandt

VIDEO: How to Navigate the Current Fiduciary Liability Insurance Market with Tom Schrandt The current fiduciary liability insurance market is challenging, with some financial professionals finding it impossible to get coverage they can afford. To help provide a path forward, Lockton Affinity's Tom Schrandt joins Josh Itzoe, CFP®, AIF®, on a recent episode of The [...]

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By | March 30th, 2022|RIA|0 Comments

8 Cyber Risks from Working from Home

8 Cyber Risks from Working from Home A lot has changed about the way businesses work over the last few years, including a rise in the cyber risks from working from home for RIAs and other financial professionals. Most computer systems at big offices are well protected from everyday intrusions. Computers at home are not. [...]

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By | March 22nd, 2022|RIA, Uncategorized|0 Comments

Understanding the Fraud Coverage Within a Cyber Liability Policy: Computer Fraud vs. Funds Transfer Fraud

Understanding the Fraud Coverage Within a Cyber Liability Policy: Computer Fraud vs. Funds Transfer Fraud Most registered investment advisors see any potential fraud involving computers as a serious risk to business, but fraud coverage within a cyber liability policy can vary. Unlike RIAs, insurers don't think of cyber risks like fraud as one single risk, [...]

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By | March 14th, 2022|RIA|0 Comments

3 Products RIAs Must Buy

3 Products RIAs Must Buy No business wants to spend money it doesn't have to. But without these 3 products RIAs must buy, a firm could find itself paying for risks it can't afford. In any shopping scenario, there are some bells and whistles that would be nice to have and other must-haves that you [...]

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By | January 25th, 2022|RIA|0 Comments

How Lockton Affinity Advisor Meets Schwab Insurance Benchmarks

How Lockton Affinity Advisor Meets Schwab Insurance Benchmarks Your financial services firm faces special risk when operating your business. In the registered investment advisor (RIA) industry, that risk is climbing. Recently, Charles Schwab Co., Inc., one of the largest financial services custodians in the world, sent a memo to their RIAs communicating new requirements for [...]

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By | December 13th, 2021|Industry Information, RIA|0 Comments

What to Know About Trade Errors

Trade Errors and Their Risks A primary duty of advisors is the faithful execution of trade orders on behalf of clients. If an advisor makes a mistake executing a trade order, a client can suffer a significant loss and an advisor can face legal and regulatory penalties. Unfortunately, industry data shows that trade errors are [...]

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By | October 13th, 2021|RIA|0 Comments