Uncategorized

Investment advisory firms generally have done a good job of maintaining compliance with securities laws while working remotely since the beginning of the Covid-19 pandemic. But strong markets may be hidingproblems, and firms are facing challenges in keeping records of electronic communications, experts said. “It’s actually working pretty well,” said Sander J. Ressler, co-owner and…

Presenters Brian RubinPartnerEversheds Sutherland Sarah Razaq SallisAssociateEversheds Sutherland Sander J. ResslerManaging DirectorEssential Edge Compliance Outsourcing Services, LLC Adam SchaubVP, Platform Product ManagementRegEd, Inc. Overview While branch oversight has changed significantly during the COVID-19 pandemic, regulators, including FINRA and the SEC, continue to expect firms to administer effective programs for overseeing branches and supervised individuals. This…

Mark Schoeff Jr. Probably the biggest change to U.S. business culture during the pandemic was that most Americans worked from home rather than going into the office. For brokerages, that shift ushered in remote office inspections, something the industry wants to see continue. The Financial Industry Regulatory Authority Inc. allowed remote supervision from the beginning…

Wirehouse Advisors Exploring Independence Increasingly Worried About Potential Compliance Needs, Seeking Cost-Flexible Solutions  Julius Buchanan, Managing Editor, Wealth Solutions Report It’s officially the middle of the year, when summer barbeque parties are getting into full swing, kids with too much free time on their hands are driving parents crazy and big family vacation trips are…

How RIAs and dual registrant enterprises can create and maintain best-in-class tech platforms The wealth management industry’s embrace of technology has reaped many rewards, including creating scale, driving efficiencies, and optimizing client outcomes. Research validates what anecdotal evidence suggests and what financial professionals see every day: According to Cerulli, technology use within a practice has…

Most firms place a limit on advisors’ sales of alternative investments to clients in the neighborhood of 10% a customer’s net worth. A broker registered with Centaurus Financial was suspended this week from working in the securities industry for four months when regulators found he had put as much as 91% of a client’s net worth into illiquid alternative investments.…

Industry veteran Larry Roth has announced the rebrand of his wealth management consulting firm from RLR Strategic Partners to the new moniker Ascentix Partners, along with the launch of a new network of “elite consultancies” focused on accelerating growth for RIAs and other wealth management enterprises. Joining Roth in leading the Ascentix Partners Network are fellow industry…

RLR Strategic Partners is now Ascentix Partners, with a beefed-up leadership team and new network of independent consulting firms. Larry Roth, the former CEO of two of the largest independent broker/dealer networks, has rebranded his growth strategy consultancy, RLR Strategic Partners, to Ascentix Partners. In conjunction with the rebrand, Roth has also built out his…

Larry Roth is converting his firm RLR Strategic Partners, an M&A advisory and strategic consulting concern, into a network of independent consulting firms under a new name, Ascentix Partners, his company announced today.  The new operating entity will be called Ascentix Partners Network, and it will include a number of prominent executives in the advisory ecosystem…

TradeStation Securities’ communications violated industry rules, including falling short on describing the risks involved in investing in volatile crypto assets. The Financial Industry Regulatory Authority fined its second firm – TradeStation Securities Inc. – for a variety of shortcoming in client communications following a three-year inquiry into the practices of certain broker-dealers that actively communicate with retail customers concerning crypto…