Getting Started with DTCC Wealth Management Services
Getting Started with DTCC Wealth Management Services

DTCC Wealth Management Services At a high level, it’s easy to understand the value of using DTCC’s wealth management services. DTCC can help broker-dealers streamline manual processes and reduce overhead; this is particularly true for large financial institutions that spend millions of dollars on post-trade activities. But what about small to medium-sized organizations? When does […]

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Comparing Managed and Dual Employee Programs
Comparing Managed and Dual Employee Programs

When a bank or credit union chooses to provide retail investment services via a third-party broker-dealer (e.g., LPL Financial, Raymond James, CUNA, etc.), they must decide the type of networking arrangement. This arrangement consists of two main models: managed program and dual employee program. This article provides an overview of these two structures, the advantages […]

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Best Practices in Working With Your Third-Party Broker-Dealer Webinar Recap
Best Practices in Working With Your Third-Party Broker-Dealer Webinar Recap

We recently hosted a webinar titled: Best Practices in Working With Your Third-Party Broker-Dealer. This webinar explored how bank and credit union investment services programs can get the most out of their third-party broker-dealer partnership. Terrapin Technologies President, Kristefor Lysne, moderated the discussion and was joined by: Brian Lauer, Partner at Messick Lauer & Smith […]

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FINRA’s Top Enforcement Issues in 2020
FINRA’s Top Enforcement Issues in 2020

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 increased to $57 million from $40 million in 2019, a 43% increase. […]

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Upcoming Webinar: Best Practices in Working With Your Third-Party Broker-Dealer
Upcoming Webinar: Best Practices in Working With Your Third-Party Broker-Dealer

We’re excited to announce our upcoming webinar Best Practices in Working With Your Third-Party Broker-Dealer scheduled on Wednesday, March 17, 2021 at 1:00 PM CT. In this webinar, we explore how your investment services program can get the most out of your third-party broker-dealer partnership. Discussion Topics Include: A look at how investment services programs grow and why […]

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FINRA’s 2021 Examination and Risk Monitoring Program Report
FINRA’s 2021 Examination and Risk Monitoring Program Report

This February, FINRA released the 2021 Report on its Examination and Risk Monitoring Program. The Report is designed to inform member firms’ compliance programs by providing annual insights from FINRA’s ongoing regulatory operations. The Report combines and replaces the two previously published annual reports: Examination Findings and Observations and the Risk Monitoring and Examination Program […]

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Terrapin Technologies Launches Trade Surveillance Solution in partnership with Wintrust Wealth Management
Terrapin Technologies Launches Trade Surveillance Solution in partnership with Wintrust Wealth Management

Wintrust Wealth Management invests in technology enhancement benefitting its compliance program by delivering a more agile and efficient analysis of direct business transactions. Minneapolis, M.N. – Jan. 19, 2021: Terrapin Technologies today announced a new trade surveillance solution in partnership with Wintrust Wealth Management. The trade surveillance solution provides compliance departments the capability to monitor […]

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Webinar Recap: Leveraging Financial Institution Data in LPL Bank and Credit Union Programs
Webinar Recap: Leveraging Financial Institution Data in LPL Bank and Credit Union Programs

We recently hosted a webinar titled: Leveraging Financial Institution Data in LPL Bank and Credit Union Programs. The panel featured industry leaders who discussed ways to leverage financial institution data to successfully drive revenue and growth. Discussion topics included accelerating growth in your investment program, how firms can use customer activities and events at the […]

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Third-Party Broker-Dealers Explained
Third-Party Broker-Dealers Explained

The Third-Party Broker-Dealer Model A growing number of banks and credit unions are partnering with third-party broker-dealers (also known as third-party marketers) such as LPL Financial Institution Services and Raymond James Financial Institutions Division. Industry consulting group Kehrer Bielan Research and Consulting estimate that over 2,900 financial institutions are selling investment services. Their research suggests that 98.6% offer investment […]

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Webinar Recap: Leveraging Data For Compensation in LPL Bank and Credit Union Programs Part 2
Webinar Recap: Leveraging Data For Compensation in LPL Bank and Credit Union Programs Part 2

A few weeks ago, we hosted a webinar titled: Leveraging Data For Compensation in LPL Bank and Credit Union Programs. We brought together a group of seasoned leaders to discuss advisor compensation best practices. Terrapin Technologies President, Kristefor Lysne, moderated the discussion and was joined by: Peter Bielan, Principal, Kehrer Bielan Research & Consulting Peg […]

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Webinar Recap: Leveraging Data For Compensation in LPL Bank and Credit Union Programs, Part 1
Webinar Recap: Leveraging Data For Compensation in LPL Bank and Credit Union Programs, Part 1

We recently hosted a webinar titled: Leveraging Data For Compensation in LPL Bank and Credit Union Programs. With an excellent panel of experts, we discussed best practices with leveraging data for advisor compensation, including the following topics:  A look at key trends in advisor compensation planning. How technology can boost back-office efficiency and productivity. A […]

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DTCC’s Vital Role in Post-Trade Processing
DTCC’s Vital Role in Post-Trade Processing

An Overview of DTCC The Depository Trust & Clearing Corporation (DTCC) plays a vital role in the financial services industry. DTCC provides clearing and settlement services for the world’s financial markets. In 2019 DTCC processed 654 million securities transactions valued at more than $2.15 quadrillion (a quadrillion is a thousand trillion). After reading that last […]

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5 Steps to a Successful Technology Implementation
5 Steps to a Successful Technology Implementation

Enterprise-level technology implementations are known for being a challenging and complex process. Shoddy planning, poor communication, and corrupt data can be detrimental not only to the project but to the organization as a whole. A study on ERP projects found that 28% percent of organizations rated their latest implementation as a failure. It’s no wonder that […]

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Is Your Firm Prepared for Reg BI?
Is Your Firm Prepared for Reg BI?

Best Interest Standard of Conduct The Regulation Best Interest (Reg BI) compliance deadline is just around the corner – June 30, 2020, to be exact. One of the many challenges is obtaining a solid grasp of Reg BI and it’s numerous implications (it certainly doesn’t help that the entire rules and guidance package from the […]

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Why Data Quality Management Is Crucial for Investment Firms
Why Data Quality Management Is Crucial for Investment Firms

The Consequences of Poor Data Quality We talk a lot about data quality and data management. When consulting with investment firms, we frequently use the phrase “get your data in good order.” But what does that really mean? And why does it matter? The bottom line is this: poor data quality can cause inaccurate reporting, […]

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10 Best Podcasts for Financial Professionals
10 Best Podcasts for Financial Professionals

To say that podcasts have become incredibly popular within the past few years is an understatement. According to Edison Research, 62 million Americans listen to podcasts every week. Their popularity is largely due to the depth and breadth of content, from aviation to...

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Tips for Effective Investment Program Management
Tips for Effective Investment Program Management

Bank Investment Programs Investment programs continue to provide tremendous value to the financial institution (bank or credit union). Studies have shown that households that own investments through their primary bank or credit union are among the most profitable for...

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5 Ways To Attract and Retain Millennial Advisors
5 Ways To Attract and Retain Millennial Advisors

Millennial Advisors More than one-in-three American labor force participants (35%) are millennials, making them the largest generation in the U.S. labor force, according to a Pew Research Center analysis of U.S. Census Bureau data. Research shows that only about 25%...

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Financial Asset Management Compliance
Financial Asset Management 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 location...

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