The Current State of the Cyber Market

The Current State of the Cyber Market Cyber liability insurance protection is key to an effective risk management strategy when you're a registered investment advisor. But changes are afoot in the cyber insurance marketplace and it could impact your ability to get the coverage you need while it's still affordable. Since the beginning of the [...]

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By | September 22nd, 2021|Industry Information, Insurance Information|0 Comments

5 Recent Excessive Fee Lawsuit Case Examples

5 Recent Excessive Fee Lawsuit Case Examples Advisors have been hearing a lot about recent excessive fee lawsuit cases these days. With so much repetitive news, it's understandable if you've thought about tuning it out. But remember that these ERISA-based class action lawsuits can pose a huge risk to your career and personal assets. Under [...]

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Disclosing Disciplinary Events on Form ADV Part 3 for RIAs

Disclosing Disciplinary Events on Form ADV Part 3 for RIAs The best advisor–client relationships are built on trust and professionalism. In many ways, that professional trust is built by following the proper procedures for reporting and compliance, such as properly disclosing disciplinary events on Form ADV Part 3. Following the procedures designated by the United [...]

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By | November 2nd, 2020|Industry Information, RIA, Risk Management|0 Comments

Wire Fraud Risks for Retirement Plan Advisors

Wire Fraud Risks for Retirement Plan Advisors Year after year, cyber crime continues to grow and evolve, including wire fraud risks for retirement plan advisors. Certain industries, including the financial industry, have seen an increase in the number and cost of attacks. Because financial professionals like retirement plan recordkeepers, CPAs and lawyers host large amounts [...]

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New York Introduces Best Interest Standard for Annuity Sales

New York Introduces Best Interest Standard for Annuity Sales Individual states continue to introduce their own rulings, following the SEC Regulation Best Interest ruling. The new requirements under Regulation Best Interest and the disclosure requirements on broker-dealers and investment advisors will take effect on September 10, 2019. As of August 1, New York financial professionals have [...]

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By | August 22nd, 2019|Industry Information, Life Agents|0 Comments

Fiduciary Rule and Its Effect on Financial Professionals—Part IV: Individual State Rulings

Fiduciary Rule and Its Effect on Financial Professionals—Part IV: Individual State Rulings A fiduciary rule proposed by the U.S. Department of Labor (DOL) in 2010, has left the industry in flux ever since. With the goal of protecting consumers from conflicting financial advice, the rule has been in debate since 2016. It has been phased [...]

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By | August 13th, 2019|Industry Information, Life Agents, RIA|0 Comments

Fiduciary Rule and Its Effect on Financial Professionals—Part III: What to Do as a Financial Professional

Fiduciary Rule and Its Effect on Financial Professionals—Part III: What to Do as a Financial Professional A fiduciary rule proposed by the U.S. Department of Labor (DOL) in 2010, has left the industry in flux ever since. With the goal of protecting consumers from conflicting financial advice, the rule has been in debate since 2016. [...]

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By | July 19th, 2019|Industry Information, Life Agents, RIA|0 Comments

Fiduciary Rule and Its Effect on Financial Professionals—Part II: Where It Stands Today

Fiduciary Rule and Its Effect on Financial Professionals—Part II: Where It Stands Today A fiduciary rule proposed by the U.S. Department of Labor (DOL) in 2010, has left the industry in flux ever since. With the goal of protecting consumers from conflicting financial advice, the rule has been in debate since 2016. It has been [...]

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By | June 7th, 2019|Industry Information, Life Agents, RIA|0 Comments