RIAs

Now is the time to prepare your clients to toughen up (and yourself, too).

If done in a disciplined, thoughtful way, financing can play a pivotal role in the successful launch of a new independent RIA.

Ash Narayan "secretly siphon[ed] millions of dollars from accounts he managed for professional athletes," the SEC alleged.

Working with exactly the right type of client will enable you to accelerate your success in a way that working with every type of client never can.

"I expect a seismic change as product manufacturers will have to adapt to the new rule," says NextCapital's Rob Forreger.

The wirehouse's latest hires will support client development and strengthen product delivery, according to Morgan Stanley.

"It was terribly important to us that we were participating and supporting a partnership with a firm that is innovating and has strong backing," said Richard Steinmeier, head of the Wealth Advice Center at UBS.

The year-old automated advice service is revealing some new ways advisers use robos — and it's quelling some big fears.

With competition to RIAs increasing, the financial services giant will promote the value of independent advice.

Is it time to try for another target market? Or just become a generalist? Forsaking current branding and marketing should not be taken lightly.