Break Away From The Pack
Thinking of leaving a wirehouse to establish your own firm? You are not alone. The number of registered investment advisors breaking away from corporate positions to go independent has increased in recent years. Many who are thinking about going the independent route...
The Securities and Exchange Commission’s (SEC) Division of Examinations (EXAMS) recently announced its new examination priorities where investment advisers are concerned. While the majority of the exam priorities are the same as in previous years, there are a few...
Noncompete agreements are less popular than they once were, but they’re sometimes still included in employment contracts. Especially for those working in sensitive positions, including financial professionals with access to client information, noncompete agreements...
If you’re just starting a financial advisory firm, the last thing on your mind is likely what to do if you have to terminate an employee. However, that day will come sooner or later, and you need to be prepared. In this industry, one of your most crucial...
Last month, Morgan Stanley terminated a veteran Boca Raton broker with more than a billion dollars in client assets in his management portfolio. The broker began working for Smith Barney — Morgan Stanley’s predecessor — in 1989 and had spent his entire 31-year career...
In response to the spread of COVID-19, state and federal governments implemented a series of laws, regulations, and executive orders requiring employers, including most RIAs, to provide sick and family leave to certain employees. RIAs and other independent financial...