Excessive fees, trade errors, cyber hacks, discrimination claims — RIAs face a long list of risk scenarios. Here are 9 common RIA claim examples detailing what could happen and how it could cost you without the right insurance. Fiduciary Duty [...]
While the dollar doesn’t go as far as it used to, cybercrime mayhem is surprisingly cheap — as little as $5 a hack. This sort of attack has been dubbed "cybercrime as a service." It’s an emerging cybersecurity threat that [...]
With all the tariffs, trade wars and other upheavals going on in recent months, some experts have argued we’re teetering on the brink of a bear market, if not an outright recession. Unfortunately for clients, bear markets and bad news [...]
Could you be sued for excessive fees? No matter how careful you are, the answer is probably yes. Unfortunately, cookie-cutter excessive fee suits are still a major risk for RIAs and others in the FI space. Here are 15 of [...]
Ransomware is a top threat for advisors, accounting for a high percentage of cyber attacks. Yet more than half of organizations may be underprepared. For non-technical professionals, questions abound. Since incidents vary so much from one attack to the next, [...]
RIAs spend much of their professional lives helping clients prepare for the future. But what about your firm’s future? The truth is, many RIAs will put off their own succession planning, much the same way as some clients will put [...]
Cyber insurance has dramatically evolved since the first coverages were added to other policy forms in the 1990s. Traditionally, cyber coverages were only considered necessary in the technology industry — or for those providing technology-related professional services. It was the [...]
Originally published October 13, 2021. Last updated July 23, 2024. 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 could suffer [...]
Cyber breaches were in the news a lot in 2023. In fact, 2023 was one of the most significant years on record for cybersecurity incidents. Even if you and your advisory business didn’t have a hack, you may have still [...]
Cyber attacks pose a significant risk to financial businesses, costing companies millions and damaging reputations. The tactics used by hackers are always evolving, so it’s important to keep up with the currently recommended best practices. However, many firms fall behind [...]
LOCKTON AFFINITY, LLC.
10895 Lowell Avenue, Suite 300 | Overland Park, KS 66210
(844) 406-5958 | [email protected]
MAILING ADDRESS: PO Box 410679 | Kansas City, MO 64141
The Lockton Affinity Advisor Insurance program is administered by Lockton Affinity, LLC d/b/a Lockton Affinity Insurance Brokers LLC in California #0795478. Coverage is subject to actual policy terms and conditions. Policy benefits are the sole responsibility of the issuing insurance company. Coverage may be provided by an excess/surplus lines insurer which is not licensed by or subject to the supervision of the insurance department of your state of residence. Policy coverage forms and rates are not subject to regulation by the insurance department of your state of residence. Excess/Surplus lines insurers do not generally participate in state guaranty funds and therefore insureds are not protected by such funds in the event of the insurer’s insolvency. Sponsors may receive a royalty fee for the licensing of its name and trademarks as part of the insurance program offered to the extent permitted by applicable law. Not available in all states.
Copyright © Lockton Companies. | Terms of Use | Privacy Policy | Compensation Disclosure