Holiday Reading List for Advisors - Top 25 Books

By Rosemary Smyth, MBA, ACC, Author on Monday, December 3rd, 2012

Rosemary Smyth, MBA, ACC, Author

Ringing in a New Year always provokes a desire to change and whether you find yourself with more or fewer resolutions in 2013, professional development is one of the keys to your success in this, and every year. In this article, we thought we'd inspire you by providing a reading list to help you get started...Read More »

Alternative Investments: A Custodian Speaks

By Amy McIIwain, President, Financial Social Media on Monday, November 26th, 2012

Amy McIIwain, President, Financial Social Media

Alternative investments are hot enough that RIAs, broker dealers, family offices and others are feeling the pressure when it comes to picking the right vehicle and incorporating it into their reporting systems...Read More »

Solving the Alt Investing Reporting Problem

By Amy McIIwain, President, Financial Social Media on Monday, November 19th, 2012

Amy McIIwain, President, Financial Social Media

When you look at alternative investments, you can’t help but see how significantly their use has increased. In the past 12 months alone, there has been a double-digit increase in the use of alternative investments, including hedge funds, private equity, REITS, managed futures and the assorted other types of investments that comprise the category...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 »

Make 2013 Your Most Successful Year

By Rosemary Smyth, MBA, ACC, Author on Monday, November 12th, 2012

Year-end client reviews are around the corner, and so is your annual business review. As you evaluate your 2012 goals and objectives and start planning next year's, consider going back to basics: how do you position yourself to clients and prospective clients? “Verbalizing clearly who you are, what you do and who you do it for will paint a clear picture for your clients and lead to better qualifying prospective clients”, says Sara Gilbert, founder of Strategist in Montreal...Read More »

Reconciliation Comes Into Focus Again

By Amy McIIwain, President, Financial Social Media on Thursday, November 8th, 2012

Amy McIIwain, President, Financial Social Media

Asset safety means more than simply an independent reputable custodian holding the assets under management. High profile frauds exposed during the financial downturn have highlighted the need for processes that ensure timely and accurate recording of assets plus an effective reconciliation between the books of the investment manager, custodian or other fiduciary (e.g. prime broker)...Read More »

The Cloud is the Clear Outsourcing Choice for RIAs

One of the advisors I work with recently started looking for a new outsourcing solution, only to realize that a lot of factors need to be considered before choosing a vendor. Thinking through all the parameters up front will help drive the selection process. Otherwise, juggling each factor along the way only makes the process very confusing...Read More »

The Data is the Client Experience

By Scott R. Graflund, Partner, FallLine Strategic Advisors on Wednesday, October 24th, 2012

In today’s new era of wealth management, where choice, independence and objectivity are the new value proposition, the ability for firms to control the client experience can be daunting. An unprecedented amount of advisor transitions are being enabled through new business models and advances in data accessibility and transferability. This new landscape consists of multiple custodians and platforms that create an even more disruptive challenge for controlling and managing data, much less the client experience. The impact is challenging traditional models of how applications and data work together. Market forces that are driving independence and open architecture are taking a data challenge once unique to sophisticated clients downstream to less sophisticated clients now operating in a more complex environment...Read More »

Alternative Investments Still Need Traditional Reporting

By Cynthia Stephens, VP of Marketing, ByAllAccounts on Tuesday, October 23rd, 2012

Stocks and bonds are simply no longer enough to give your clients the diversification and performance they demand, and as “alternative” assets go mainstream, commodities — especially gold — are leading the way. Unfortunately, while advisors and investors alike are begging for alternative assets, the data management challenges of monitoring and reporting their impact on client portfolios can be very burdensome...Read More »

The Best Way to Run Your Reconciliation Desk

Asset managers must turn reconciliation into a value driver. Here’s how. Often brushed aside as a tedious chore, the reconciliation system occupies a unique and privileged position in the back office in terms of the revelations it can open up to firms that are paying attention...Read More »