A Registered Investment Advisor (RIA), axiomatically, embarks upon a career in which risk is a uniquely intensive reality, both for the client and the RIA. As is required by the profession, the prudent RIA takes measures to mitigate those risks, part of which includes...
[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern"][vc_column][vc_column_text]As many begin the year with the formation of hopeful aspirations (or necessary modifications!), one such goal within the RIA practice could be to review one's current strategy for fiduciary risk-transfer, or broader yet, one's total Fiduciary Risk-Management...
[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern"][vc_column][vc_column_text]Fielding this question seemingly each week in our office, there appears to be adequate confusion out there to motivate attention as this month’s Investment Advisor ia360 RiskTip. Some would say the word confusion is an appropriate adjective when defining...
[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern"][vc_column][vc_column_text]This month’s RiskTip addresses one of the most repeated questions: What Exactly Does RIA E&O Insurance Cover? While some harmony exists among the seven or so key underwriters’ insurance contracts in the RIA E&O errors and omissions liability marketplace,...
[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern"][vc_column][vc_column_text]Recently, our office has seen an uptick in merger and acquisition activity among the RIA community and thought it timely to address the subject as respects to liability exposures. In the consideration of a practice merger, acquisition, or sale...
[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern"][vc_column][vc_column_text]Yet another common question posed to us from advisors across the country, it seemed a good idea to address this question. The insurance industry has their own independent glossary of definitions that generates understandable confusion to the advisor community....
[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern"][vc_column][vc_column_text]It is not our position to address the viability of various investment vehicles. It is, however, our occupation to advise the RIA community on the issues and implications surrounding this subject as it pertains to fiduciary risk and...
[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern"][vc_column][vc_column_text]Movement appears to be afoot among the custodial community seeking to avoid what they are calling "unnecessary risk" posed by various "Alternative" investments. An "Alternative" is defined as an investment product other than a traditional investment instrument such...
[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern"][vc_column][vc_column_text]The question above and the subject of this month's ia360 Risk Tip stands as one of the toughest questions to answer amongst the RIA's decision and selection of appropriate professional liability (E&O) insurance. Yet, the particular question also...
[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern"][vc_column][vc_column_text]Expanding into new Investment Types? Adding new Advisor Representatives? Acquiring a Practice? The business environment is ever-changing, and this has never been truer in the arena of finance. When opportunities arise we want to afford them consideration. As an...