For many wealth management firms, third-party risk still feels like a defined and manageable exercise. You maintain a list of vendors, complete due diligence reviews, document contracts, and revisit those relationships periodically. On paper, it creates a sense of...
The start of a new year often comes with familiar themes: fresh starts, new goals, and the idea of a reset. While those conversations usually focus on personal habits or professional development, January also creates a rare opportunity for wealth management firms to...
Growth is the ambition of every wealth management firm, yet expansion is accompanied by a hidden liability: data degradation. It starts with growth. Then comes complexity. And soon, data integrity begins to unravel. When a program manages a handful of advisors and a...
Manual compensation tracking may seem like a low-cost approach, but it’s quietly costing wealth management firms in ways that are easy to overlook. From lost time and human error to compliance risks and missed business opportunities, manual processes create friction...
Every year, FINRA releases its Annual Regulatory Oversight Report, providing crucial insights for wealth management firms on regulatory priorities and common compliance challenges. The 2025 report continues this effort, offering guidance to help firms navigate the...