Newswire

We’re growing our team. Know a great litigator with RIA industry experience? Details @ https://cnsl.me/litassoc

March 2nd, 2017

Details @ https://cnsl.me/litassoc

SEC Provides Guidance to Robo-Advisers and Investors

February 24th, 2017

The SEC’s Division of Investment Management published a Guidance Update to robo-advisers that provided suggestions for how robo-advisers can address some of the unique compliance considerations and legal obligations they may have under the Investment Advisers Act of 1940.  The guidance focuses on robo-advisers that provide services directly to clients over the internet. The guidance […]

‘How RIAs Should Respond to Cyber Breaches’ @FinAd_IQ quoting @HDelux

February 23rd, 2017

The SEC requires advice firms to have reasonable safeguards to secure clients’ private data, Brian Hamburger, chief executive of compliance consulting firm MarketCounsel, tells Vonnegut. But there’s no definition of what those safeguards are supposed to be, according to Hamburger. At the same time, state regulations on cybersecurity measures vary, Vonnegut writes. That means advisors […]

‘How RIAs Should Respond to Cyber Breaches’ @FinAd_IQ quoting @HDelux

February 23rd, 2017

The SEC requires advice firms to have reasonable safeguards to secure clients’ private data, Brian Hamburger, chief executive of compliance consulting firm MarketCounsel, tells Vonnegut. But there’s no definition of what those safeguards are supposed to be, according to Hamburger. At the same time, state regulations on cybersecurity measures vary, Vonnegut writes. That means advisors […]

@HDelux talks about getting proactive on cybersecurity with @NorbVonnegut @barronsonline

February 23rd, 2017

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“The issue here is the consumer is confused,” @RIABiz recaps @Hdelux session at #T32017

February 23rd, 2017

While the conference yielded a smorgasbord of announcements, acquisitions and integrations (Strike 1!), Joel Bruckenstein is to be commended for including Brian Hamburger, Ron Carson, Bob Veres and Andy Putterman, RIA dignitaries known less for technology. Brian Hamburger, CEO, MarketCounsel:  “The Obama Administration was all about harmonizing broker vs. RIA. [England] went the opposite way and it […]

Debate continues around the fiduciary standard, but independent advisors have already won, @HDelux explains to @newsfromIN at #T32017

February 23rd, 2017

Watch here.

SEC Publishes Custody Guidance on Letters of Authorization and Transfers Between Client’s Accounts

February 22nd, 2017

Custody is an important part of an investment adviser’s compliance program.  Over the years, the SEC has revised its custody rule and provided guidance through interpretive releases, deficiency letters and frequently asked questions.  Two areas, in particular, have been unclear over the years.  First, whether an adviser has custody if a client gives it authority to […]

We’re growing our client engagement team. Know a great candidate in the greater NYC Area? #jobs

February 15th, 2017

Details at https://cnsl.me/engmtmgr

A Cautionary Tale for Indie Brokers? @HDelux @Diana_Britton @wealth_mgmt

February 14th, 2017

“I’ve seen for far too long—b/d’s and insurance companies urging people to set up an S corp or a limited liability company,” Hamburger said.  “There’s nothing inherently bad about having the S corp or having the LLC,” Hamburger said. “What becomes a problem is when they try to use these entities as a way to […]