by Kristefor Lysne | Nov 10, 2021 | Strategic Growth
As a growing number of investors switch from commission-based brokerage to fee-only RIAs, the market has responded in kind. FINRA data shows that the number of FINRA-registered broker-dealers fell by 17% in the past eight years, while SEC-registered RIAs have grown by...
by Kristefor Lysne | Oct 7, 2021 | Strategic Growth
According to data collected by Technology Evaluation Centers, nearly 50% of ERP implementations fail the first time around. It’s no wonder that many firms are indecisive when investing in new technology and often do nothing, settling for stagnation — no matter the...
by Kristefor Lysne | Mar 25, 2021 | Risk and Compliance
According to a new study by Eversheds Sutherland, FINRA disciplinary actions show a surge in enforcement activity in 2020. What caught my eye was a dramatic increase in fines related to variable annuity cases—a 1062% increase! To put that in context, overall fines...
by Kristefor Lysne | Mar 13, 2020 | Risk and Compliance
Asset Management Compliance One of our clients came to us with a problem; how to comply with FINRA’s customer asset transmit rules for managed money and mutual funds. Our solution: an asset management workflow for tracking, monitoring, and reporting on the...
