Investment Advisors Want to Know Where State Regulators Have Been Focusing Their Attention

NASAA’s Investment Advisor Section Issues Report Highlighting Activities The North American Securities Administrators Association (“NASAA”) recently issued the 2021 Investment Adviser Section Annual Report. The report provided a profile of state-registered Investment Advisers (“RIAs”) as follows” 81% of RIAS are 1-2 person shops 81% of clients are retail investors Top services include Individual Portfolio Management… READ MORE

Oyster Consulting Expands Paraplanning Team

Oyster welcomes Cody Davis to the firm as a Paraplanner, bolstering our ability to assist financial planners in building, updating, integrating and transitioning financial plans. Prior to joining Oyster, Cody spent three years at Envestnet MoneyGuide as a member of the Advanced Planning Team. Cody also served as a Fee-Based Product Associate and Product Specialist… READ MORE

IRAs, Rollovers and DOL Fiduciary Compliance: What You Need to Know

Join our complimentary webinar on June 8th, co-sponsored with Faegre Drinker Biddle & Reath LLP This program will focus on compliance with the DOL’s new “fiduciary rule,” a combination of an expanded interpretation of fiduciary status and an exemption for compensation, fees and commissions resulting from fiduciary recommendations. While other programs have discussed the DOL’s… READ MORE

3 Reasons Outsourcing Your FINOP Role Makes Sense

Your firm’s FINOP is specifically responsible for financial filings and books and records related to those filings. However, not all registered FINOPs have the appropriate experience to do the job effectively. The regulatory rules for broker-dealers are complex. FINOPs must have, in addition to the Series 27 license, enough experience in the industry and knowledge… READ MORE

Webinar: The Art of Marketing in a Changing Regulatory Environment

Join our complimentary webinar Wednesday, May 19th The Art of Marketing In A Changing Regulatory Environment Expert Insights into SEC’s Updated Advertising Rule 206(4)-1 Our panel of industry experts and former regulators will discuss: Where will the regulatory focus be What other firms are doing now Why are certain distribution methods being chosen over others… READ MORE

Do You Have a Strategic Product Portfolio or a Product Warehouse?

After more than half a year since the implementation of Reg BI, it is the expectation that firms have instituted or enhanced their policies and procedures enabling the necessary point of sale application of the “Reasonably Available Alternatives” standards, required under the Care provision of Reg BI.  Unfortunately, in their efforts to comply in a… READ MORE

A Strong ESG Investment Strategy Protects You and Your Clients

Environmental, Social and Governance (“ESG”), Socially Responsible Investing (“SRI”), Sustainable Development Goals (“SDG”), are similar approaches to supporting initiatives designed to benefit society worldwide. From a public investing perspective, the goals are certainly not new, but today’s access to vast amounts of data and the technology to analyze it offers the greatest opportunities yet for… READ MORE