FINRA
Estimates Dramatically Lower Costs To Run an SRO
To become the industry’s SRO, FINRA estimates it will
cost roughly 15 times less in start-up costs than estimates in a study
commissioned by the Financial Planning Coalition, which includes CFP
Board, FPA and NAPFA.
Potential
Cost of SRO Bill To Advisors' Wallets: $51,700
“I think this would absolutely impact all of our
small business owners,” said Karen Nystrom, manager of public
policy and advocacy with NAPFA. “We agree that more oversight is
needed but where we differ is the most cost effective way to get
there.”
Proposed
California Retirement Bill Dies in Committee
Large retirement plan providers tried to offer
California’s teachers and other education workers simpler plan
options, but the Financial Services Institute said it should not come at
the expense of access to quality personalized investment
advice.
Visit AdvisorTV to view
this multi-segment video roundtable series moderated by Marie Swift.
Click here to download the
white paper.
RIA
on FINRA Board Resigns
Joel Blumenschein, a Wisconsin RIA, has resigned from
FINRA after settling a disciplinary case alleging he failed to supervise
a broker at his firm.
Fund
Group Rails Against SEC’s Money Market Proposals
Two groups representing mutual fund independent directors
and trustees are joining together to voice their concerns about the
changes to money market funds currently being considered by the
Securities and Exchange Commission.
Discussions
Junior Seau: A
Lesson for Advisors The tragic apparent suicide of former NFL
superstar Junior Seau serves as a reminder to advisors that many of
their clients will need more than just investment advice and guidance
after they’ve retired.
Finding Your
Social Media Groove Marketing expert Marie Swift says social
media sites are one of the best places to build and maintain strong
relationships with clients and prospective clients. Here are some tips
and advice from the recent Women Advisors Forum in New York to build
your brand online.
Ask Ed Slott: The
Scoop on SEP Contributions, 457(b) Rollovers Your IRA Expert takes on questions about SEP contributions and
457(b) rollovers.
What RIAs Should
Do When FINRA Asks About Trading Activity Every year FINRA sends hundreds of inquiries to firms that are not
broker-dealers, including RIA firms, about suspicious trading. How you
respond is critical.
Contact Us
Larry Barrett
larry.barrett@sourcemedia.com
Online Managing Editor
Phone: 212.803.8200
Tim Whiting
tim.whiting@sourcemedia.com Group
Publisher
Phone: 212.803.8579
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