Going independent has never been easier, but there are still a host of issues to consider. This first installment of a four-part special report explores the ins-and-outs of starting your own practice.
Seek out advice from others who have gone out on their own
The terms “sales” and “marketing” are used interchangeably, but they aren't the same
Are you a fiduciary? Do you have a fully tested and documented continuity plan? If you answered, “yes,” to the former, you need to answer, “yes,” to the latter
When the owners of an advisory firm turn over everyday operations to a senior-level employee, it is a watershed decision — and it is usually one that most firms avoid as long as they can
Financial adviser training and compliance expenses could spike for broker-dealers of all sizes — and become especially burdensome to smaller firms — if the Labor Department applies its proposed fiduciary rule to individual retirement accounts, observers say.
Assets to the RIA channel have more than tripled over the last ten years, a trend that is 'redefining the way investment advice is delivered'
The IRS has just given the green light to Paul — on his 2007 tax return
Measure dramatically raises amount families can dole out tax-free; 'take it while you can'
Sallie Krawcheck, head of Bank of America Corp.'s wealth management division, sternly told Merrill Lynch financial advisers that a new “garden leave” policy doesn't apply to them, despite recent speculation
With more than 22,000 views since November 2010, this spoof has obviously struck a chord with financial advisers. Any of this sound familiar?
Hundreds of financial advisers switched firms this year, many looking for opportunities to build equity in themselves and some exiting after mergers. Many were also lured by big bucks, according to recruiters and industry experts.
Physicians are foot soldiers in states' battle to protect elderly from fraud
Increasingly, social media the choice for reaching out to prospects
Workers not allowed to access Dinevore, says creator of the online food guide
Treasury boss Timothy Geithner say the department is considering overhauling the current tax set-up. On the radar: reclassifying the status of pass-through businesses — including LLPs and S corps. Yikes.
The Securities and Exchange Commission is said to have begun a sweep of registered investment advisers' use of social media and social networking, according to officials at an industry compliance firm.
Loscalso claims he was axed for warning firm about lax oversight of brokers; 'fraud, forgery'
The mere mention of advisory practice work flow — or even thinking about how the work gets done (or doesn't) in an advisory business — is enough to cause many advisers' eyes to glaze over
With two of the most severe bear markets of this century fresh in their short-term memories, affluent investors — particularly the youngest investors — appear to be quite skittish about investing in anything but the safest of asset classes.
