One Law Firm Filed 11 Copycat Lawsuits Against Advisors of 401(k) Plans Last Year

One Law Firm Filed 11 Copycat Lawsuits Against Advisors of 401(k) Plans Last Year Financial advisors have been plagued by 401(k) lawsuits in recent years. So frequent are new suits in the headlines, that it may seem like every law firm in the country has a case pending against an advisor. Yet in reality, many [...]

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By | March 21st, 2023|Industry Information, RIA, Risk Management|0 Comments

Fighting Cyber Fraud: 10 Questions Lawmakers Are Asking About Retirement System Cybersecurity

Fighting Cyber Fraud: 10 Questions Lawmakers Are Asking About Retirement System Cybersecurity Enough high-profile cyber incidents involving retirement plans have occurred that lawmakers have begun asking questions. The Comptroller General of the U.S. Government Accountability Office has been asked by members of Congress to examine the issue and answer 10 crucial questions to help guide [...]

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By | January 20th, 2023|Industry Information, RIA|0 Comments

Financial Execs May Be Overconfident About Cyber Security, Survey Shows

Financial Execs May Be Overconfident About Cyber Security, Survey Shows Cyber security is crucial for today’s financial services professionals — at this point, almost everyone understands that. Yet some firms may still be underprepared for serious cyber attacks and the damage they can cause. A new survey of financial executives found that many overestimate the [...]

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By | December 15th, 2022|Industry Information, RIA|0 Comments

Fighting Cyber Fraud: Two Case Studies of Claims Against Recordkeepers

Fighting Cyber Fraud: Two Case Studies of Claims Against Recordkeepers “Did you hear? Another recordkeeper was sued for cyber fraud!” Recordkeepers have heard this line a lot lately. But around the watercooler, such stories often blur together. The details get lost, and that can make it harder for registered investment advisors to understand the risk [...]

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By | November 16th, 2022|Industry Information, RIA, Risk Management|0 Comments

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, whose Fidelity Institutional business unit serves financial intermediaries and institutions with investment technologies and solutions. In March, [...]

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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