The SEC is Proposing a Modernization of the Framework for Fund Valuation Practices

This is huge news. We haven’t seen this addressed since 1970. The proposal reflects the vast changes that have taken place over the years. It also recognizes the important role that funds’ investment advisers may play and the expertise they may provide. This new rule is designed to explain how fund boards can satisfy their […]

Is your Cybersecurity Program Air Tight?

On January 27th 2020 the Securities and Exchange Commission’s Office of Compliance Inspections and Examinations (OCIE) issued examination observations related to cybersecurity and operational resiliency practices taken by market participants.  OCIE observed a wide range of industry practices which included governance and risk management, access rights and controls, data loss prevention, mobile security, incident response […]

Cybersecurity: Are You Protected?

Understanding Cyber Insurance Guest Blog Post by Linda M. Vecoli CPCU RPLU and Emma Feloni   Are you concerned about the security of your data? Do you know how to better protect your business if an incident occurs? We invited the experts from Starkweather & Shepley Insurance Brokerage Inc. to shed some light on the […]

Part 2: Expert Interview with Leila Shaver

Compliance in the Internet Age: Regulators and Compliance Consultants Part 2 of our Expert Interview with Leila Shaver, of My RIA Lawyer This post is part of the Expert Interview series, which showcases some of the smartest thinking in the financial services industry on issues that matter most to advisors. If you would like to suggest […]

Folio Institutional Expert Interview with Leila Shaver

Compliance in the Internet Age: Understanding Advertising, Fees, and Suitability Requirements Part 1 of our Expert Interview with Leila Shaver, of My RIA Lawyer This post is part of the Expert Interview series, which showcases some of the smartest thinking in the financial services industry on issues that matter most to advisors. If you would […]

5 Obstacles Advisers Are Facing in 2019

Advisers can expect to face some challenges in 2019. Many of these challenges also apply to entrepreneurs in other industries. Generational differences, for example, are impacting the workplace and changing the way we work. Many businesses are moving to co-working spaces or allowing employees to work remotely. By understanding your company’s strengths and weaknesses, you […]

5 Social Media Takeaways

I recently finished reading “The Social Advisor” by Amy Mcilwain. If you aren’t familiar with the book, Amy makes a case for advisors to utilize social media. She also shares some helpful insight into many of the popular platforms used today. I thought I would share 5 takeaways from this quick read. 1. Social Media […]

Annual Compliance Reviews

Can you believe it?  It’s the last quarter of the year.  That means it’s time to look back and conduct an annual compliance review. What is an annual compliance review? Each investment adviser registered with the SEC is required to adopt and implement written policies and procedures reasonably designed to prevent violations of the Investment […]

Using Client Usernames and Passwords

Custody. Most advisers don’t think about how the custody rule can be triggered by a variety of different actions they take in their business.  One such action?  Keeping and using your client’s username and password.  Many advisers keep track of this information so they can quickly and efficiently view statements and effect trades. Clients are […]