Artificial intelligence has taken off over the last several years, with a promise to potentially reshape the way people live and work. With the AI revolution, comes opportunities for businesses and others to benefit from cost savings and streamline their [...]
Despite being in the industry for years, many advisors are still surprised at the complexity of the litigation process involving an RIA claim. In this article, we take a look at the anatomy of an RIA lawsuit, including the stages [...]
Pen testing is a common type of cybersecurity exercise companies can use to help find and fix vulnerabilities and even train their workers. Think of it like a “pop quiz” for your RIA business, testing out whether you are as [...]
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 [...]
LOCKTON AFFINITY, LLC.
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