Risk Management Archives - Lockton Affinity Advisor

7 Easy Ways to Reduce Excessive Fee Claim Risk

Excessive fee claims pose a major risk to advisors. From questionable allegations to cookie-cutter ERISA lawsuits, excessive fee claims are growing, impacting more and more retirement plan fiduciaries. These sprawling class-action lawsuits can put both your professional and personal assets at risk but there are some simple things you can do to reduce your risk [...]

By | May 21st, 2021|RIA, Risk Management|0 Comments

Coverage Gaps with Some E&O Policies: An Interview With Tom Schrandt

Recently Tom Schrandt, Vice President at Lockton Affinity and Producer of the Lockton Affinity Advisor business, sat down with NAPA Net the Magazine, the official magazine of the National Association of Plan Advisors, to discuss an important topic—the coverage gaps that retirement plan advisors can risk with some Errors and Omissions (E&O) insurance products. Countless [...]

By | April 22nd, 2021|Insurance Information, RIA, Risk Management|0 Comments

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 States Securities and Exchange Commission (SEC) also reduces your likelihood [...]

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