Blog Entries in Regulation and Compliance

Blog Entries in Regulation and Compliance

NASAA Issues Model Role for Continuity and Succession Planning

Peter McGratty CFA, VP Business Development, Pinnacle Advisor Solutions

On April 13th, the North American Securities Administrators Association (NASAA) issued its model rules for continuity and succession planning...Read More »

Best of Blogs: Regulation and Compliance

Karla Paxton, Client Engagement Manager, ByAllAccounts

Read insightful regulation and compliance trends and best practices from ByAllAccounts blog contributors...Read More »

Understanding Your Responsibilities Regarding the New SEC approved Supervision Rules

By Karla Paxton, Client Engagement Manager, ByAllAccounts on Wednesday, November 5th, 2014

Karla Paxton, Client Engagement Manager, ByAllAccounts

Home Offices and FINRA members do you know what your responsibilities are regarding the SEC approved Supervision rules that go into effect on December 1st?..Read More »

Regulators Propose Rule Requiring Succession Plans

Peter McGratty CFA, VP Business Development, Pinnacle Advisor Solutions

You may have vacationed this summer, but your regulators did not! The North American Securities Administrators Association (NASAA) opened a public comment period running from August 1 to September 30th on a rule that would require financial advisors to put a succession plan in place. Some compliance consultants believe this new rule may be on the fast track and could be finalized before year-end...Read More »

What to do After Your Next SEC Exam

By ByAllAccounts, Podcast Series on Monday, July 21st, 2014

ByAllAccounts, Podcast Series

In the following podcast you’ll learn what to do after your next SEC exam...Read More »

Tips for Remaining Compliant During Your SEC Exam

By ByAllAccounts, Podcast Series on Wednesday, July 16th, 2014

ByAllAccounts, Podcast Series

In the following podcast you’ll learn tips for remaining compliant during your next SEC exam...Read More »

5 Key Compliance Steps for RIAs Using Social Media

Amy Sitnick, Senior Marketing Manager, SEI Advisor Network

Unlike broker dealer-affiliated advisors, RIAs have to create their own policies and procedures for social media. To make matters murkier, the Securities and Exchange Commission has provided little guidance on social media, but there are some things that are a given...Read More »

Have an Upcoming SEC Exam? Preparation Starts Now

By ByAllAccounts, Podcast Series on Wednesday, July 9th, 2014

ByAllAccounts, Podcast Series

The following podcast is an excerpt from our July 25th webinar “Are You Prepared for an SEC Audit?”..Read More »

Are You Prepared For an SEC Exam?

By Lindsey Starr, Marketing Coordinator, ByAllAccounts on Wednesday, June 18th, 2014

On Wednesday, June 25th ByAllAccounts will be hosting a webinar on preparing for your next SEC audit. You’ll hear from industry experts on need-to-know tips and best practices for keeping your firm compliant...Read More »

Surviving an SEC Audit

By Sheryl Rowling, CEO, Total Rebalance Expert on Tuesday, November 19th, 2013

Sheryl Rowling, CEO, Total Rebalance Expert

This Wednesday, November 20th, at 2 pm Eastern, I will be presenting a webinar “Surviving an SEC Audit: Tales from a Very Recent Experience.” In this webinar, I will discuss SEC audit basics, what to do before the visit, preparing for the SEC exam, and more...Read More »

Following the fiduciary standard can translate into client retention and referrals

Karla Paxton, Client Engagement Manager, ByAllAccounts

Can the SEC actually enforce the Fiduciary standard or is it a matter of, “investor beware”? If so, then how can advisors give their clients the peace of mind that they are acting in a fiduciary manner?..Read More »

Change Your Thinking and Decrease Your Reconciliation Process – The Value in Providing Position Only Account Data (Part 1)

Karla Paxton, Client Engagement Manager, ByAllAccounts

Fiduciary and asset allocation responsibilities have increased the need to report on non-managed accounts. Reconciliation is taking up more time with the need for reporting and monitoring these non-managed accounts...Read More »

How Automation and Scalability Can Keep You Compliant

By James Carney, CEO, ByAllAccounts on Monday, April 15th, 2013

James Carney, CEO, ByAllAccounts

With the recent news about JPMorgan Chase and its $6.2 billion loss in derivatives trading, there are renewed calls for increased government oversight and tightened regulations on today’s financial services firms...Read More »

Get Your Platform Ready as Alternatives Go Mainstream

By Stephen Van de Wetering, Founder and CEO, Empaxis on Wednesday, January 2nd, 2013

Modern portfolios need to incorporate more vanilla stocks and bonds to keep high-net-worth clients happy and liquid. Does your firm have the technical muscle it needs? According to one recent survey, about half of all advisors expect to expand their clients’ exposure to alternative assets by at least 15% this year, while most of the rest are boosting their allocations by smaller amounts...Read More »

Can You Grow Ahead of Your Data?

By Stephen Van de Wetering, Founder and CEO, Empaxis on Tuesday, December 18th, 2012

Breakaway asset managers can get along running their operations on what amounts to sweat and a shoestring budget, but once they start capturing clients, the pressure is on to automate...Read More »

Survey Says: Advisors Want To Simplify Their Alternatives

By Cynthia Stephens, VP of Marketing, ByAllAccounts on Monday, December 10th, 2012

One in two financial professionals ByAllAccounts and Millennium Trust Company recently polled say they would use alternative investments more — if only they could ease the time spent per reporting cycle...Read More »

“Just in Time” is Too Late for Efficient Compliance

The time to have the files ready for the regulators is before the regulators even schedule the review. Third-party gurus say it’s time to get your documentation ready for 2013. By getting ready for an audit now — even before the appointment is on the calendar — a firm can allocate scarce resources far more efficiently...Read More »

Take Compliance Out of the Ivory Tower

Too many asset managers isolate their internal watchdogs from the day-to-day operations they need to observe first-hand. An integrated approach will impress the regulators and make the whole process run more smoothly...Read More »

Monitoring Employee Trading is no Longer a Nightmare

Account aggregation is not just a way to track assets your clients hold away from your active management. It's a way to make sure your staff aren't breaking the inside trading rules...Read More »

A Better Way for Even Small Advisory Firms to Monitor Personal Trading

By James Carney, CEO, ByAllAccounts on Wednesday, March 14th, 2012

The demands of keeping up with a growing practice—adding staff, adding clients, meeting regulatory requirements—can become burdensome. As practices grow, many look for operational efficiency gains in all aspects of the business, one of which is monitoring personal trading. As you know, SEC and FINRA regulations require investment advisors, broker/dealers, hedge funds and other asset managers to supervise employee personal trading activity. Advisor activities at RIA firms are governed by Rule 204A-1 under the Investment Advisors Act of 1940 which requires the establishment, maintenance and enforcement of a written Code of Ethics. This Code of Ethics includes provisions that require “access persons” to report their personal securities transactions and holdings periodically...Read More »

Remember When “What’s your AUM?” Was a Simple Question?

By Brian R. Lauzon, CFA, AdvisorAssist, LLC on Wednesday, February 1st, 2012

RIAs and financial planners often provide a broad range of services and receive compensation in a number of different ways. Certain aspects of these services and compensation arrangements will dictate whether or not assets are counted as “regulatory assets under management” in an advisor’s regulatory filings. The SEC now defines “regulatory assets under management” as assets where the advisor provides “continuous and regular supervisory or management services.” Here are some guidelines to help advisors determine which of their clients’ assets should be counted towards AUM under this new definition...Read More »

New Recruiting Headlines Highlight “Glide Path” To Advisor Independence

By Ryan N. Shanks, CEO, FINETOOTH CONSULTING on Friday, January 6th, 2012

Fresh news from some of the biggest brokerage networks around is posing a subtle but real challenge to a lot of advisors’ assumptions about how their careers should progress. I’m not going to name names, because the identity of these firms doesn’t really matter. What matters is that brokerage firm ABC just reported spectacular recruiting numbers -- up over 30% above last year -- and its rivals at firm XYZ kept pace by pulling around $500 million in client assets from the wirehouses...Read More »

2012 Resolution - Become the "Trusted Advisor"!

As 2011 comes to a close, it is time to plan the goals for your advisory firm for 2012 and beyond. What are the New Year’s Resolutions for your firm? Hopefully, topping your list is a strategic plan to deepen your client relationships and truly position yourself as the “Trusted Advisor” for your clients. Earning this trust requires more than strong relationship management. It requires continual increases in value and service...Read More »

Inside the Mind of Madoff: An Interview with Diana B. Henriques, Author of the Bestseller “The Wizard of Lies: Bernie Madoff and the Death of Trust”

By D. Bruce Johnston, President & CEO, Advisolocity on Friday, August 12th, 2011

On August 18th at 2PM EST I will be partnering with ByAllAccounts on a much anticipated webinar entitled “The Madoff Lessons: What Every Financial Advisor Must Learn From History's Biggest Ponzi Scheme” featuring New York Times Bestselling author Diana B. Henriques. While working on the webinar, I had a chance to sit down with Diana to ask her about her experience covering the Madoff story from start to finish.....Read More »

Tax Tips After the New Tax Bill

By Sheryl Rowling, CEO of Total Rebalance Expert on Wednesday, January 5th, 2011

Prior to the end of the year, I presented a webinar titled “5 Year-End Tax Saving Strategies for your Clients’ Portfolios.” How do the provisions of the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act impact my previous advice?..Read More »

Preparing for Cost Basis Regulations

By Cynthia Stephens on Wednesday, December 22nd, 2010

Tips from Chris Flynn, VP Product Management, Advent Software New cost basis reporting requirements put an obvious burden on custodians, but they will also affect advisors who manage taxable accounts. Many RIAs will need to make process changes and put plans in place to handle discrepancies between cost basis data from the custodian and data from their portfolio accounting systems. If you are not reconciled, your client may realize a different tax scenario than he or she envisioned. To give our readers an action plan for facing these challenges and minimizing their effects, I spoke with Advent Software VP of Product Management Chris Flynn. Chris offered three tips:..Read More »

Time Is Running Out on Custody Decisions: What will you do?

By Cynthia Stephens on Tuesday, October 5th, 2010

I believe there's truth in the old adage information is power. We can certainly make smarter decisions when shopping for a new car, a mortgage, or a major household purchase with the bounty of online information. When it comes to critical issues affecting your practice, like custody, how do we become better educated? Time is running out on deciding whether or not you want to have custody of client funds or securities...Read More »

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