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Content tagged "MarketCounsel"

Hamburger Law Firm

Filed under: Specialized Breakaway Service, Regulatory Attorney, Attorney
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MarketCounsel

Filed under: Regulatory Consultant, RIA Set-up Firm, Compliance Expert
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Daniel Bernstein: If an advisor posted that they 'held a great meeting on 401(k) plans,' and someone 'liked' it, it could be construed as a testimonial.

SEC sends sharp warning to advisors using social media
RIAs have to make sure they don't get 'liked' on popular websites like Facebook

Friday 1.6.12
Peter Hess drove the Advent-Black Diamond merger and may have created an RIA-friendly monster.

The 10 most influential figures in the RIA business going into 2012, Part 2
These advisors and executives made dramatic moves that advanced the business of registered investment advisors

Wednesday 1.4.12
Brian Hamburger: I think that number [from BCG] is a very conservative and kind number.

FINRA attacks Boston Consulting Group over SRO study
BCG sticks to its guns saying that the double-dip cost of SEC oversight makes any FINRA numbers moot

Friday 12.16.11
Brian Hamburger: If anything it's sending the message that the SEC is not putting a high price tag on the cost of maintaining an ongoing compliance program.

How much should RIAs shake in their boots after the SEC punished three firms then put out a detailed press release?
Did the embattled agency go too far -- or not far enough?

Wednesday 11.30.11
Frank Pizzichillo: Helping build the organization was what I loved. It wasn't managing sales people. I liked building things from scratch.

Fidelity veteran Frank Pizzichillo leaves MarketCounsel to join Genworth
In his new role, the Fidelity veteran will be back in advisors' offices advising them on how to grow their businesses

Monday 11.28.11
Laura Kogen: It's hard to pin me down.

Fidelity lures a 'game-changing' West Coast practice-management star
Laura Kogen's eclectic skill-set, serious smarts and vivid personality make her a catch

Monday 10.24.11
Daniel Bernstein: No one should be running their businesses on stuff which may never come to fruition.

The dark side of the 'good' regulatory changes get scrutinized at MarketCounsel Summit 2011
Advisors may get much of what they wish for but in reality it may not be so good

Monday 10.17.11
Brian Hamburger says the latent threat of FINRA is that RIAs will lose their individuality and become like big-box stores

Brian Hamburger answers the questions about an SRO future that has RIA stomachs in turmoil
The MarketCounsel Summit undercurrent revolves around FINRA fears, so Dina Hampton put the compliance expert on the spot about how the scenario could unfold

Friday 10.14.11
Aspiring mixologists Rush Norton, Tim Painter, Kartik Srinivasan, Christina Riley, Alan Strauss

At MarketCounsel Summit 2011, some hard-hitting speeches followed by 'Mohita Madness'
After hearing from industry heavyweights Mark Tibergien, Daniel Bernstein and MarketCounsel founder Brian Hamburger, it was time for a unique cocktail hour in a stunning setting

Thursday 10.13.11
TD Ameritrade Institutional is moving staff into this San Diego building as part of its growth

What's happening at RIABiz this week and why it matters
We've got our eye on TD Ameritrade's growth, do-it-yourself hedge fund analytics and two elite conferences starting Wednesday

Monday 10.10.11
Brian Hamburger, founder of MarketCounsel's Member Summit 2011, expects 200 advisors with between $100 million and $1 billion in assets

MarketCounsel, CFDD, T3 and Schwab vie for advisors to attend their fall conferences
As competition for RIA time and money grows, many events are catering to more defined niches

Monday 9.26.11
Brian Hamburger: Rowe faces an uphill battle if he relied on oral statements.

RIA loses $10 million case against Raymond James the old-fashioned way
The case may have turned on the validity of written versus oral agreements

Thursday 8.18.11
Scott Brown: Before there was more flexibility for how to calculate assets under management. This enabled certain advisers to opt in or out of federal or state regulation and circumvent the legislative intent of the rule.

Cheat sheet for recent SEC regulatory changes and amendments
Why 'assets under management' are now 'regulatory assets under management'

Thursday 7.7.11
Frank Pizzichillo: The road less traveled has a few more footprints on it.

The overlooked option for breakaways: tucking-in
A new channel to independence emerges, complete with soft-landing service providers

Tuesday 5.10.11
Lockdown in Washington may mean a short reprieve for advisors in the midst of exams, but the looming shutdown portends nothing good for the industry in general, say lawyers

Government shutdown may wallop SEC to the long-term detriment of RIAs
Audits on hiatus; fraudsters get more of a lead; most of the SEC on skeleton staff

Friday 4.8.11
Ron Rhoades: We need to foster a next generation of leaders, armed with a greater knowledge.

Ron Rhoades is a lawyer and RIA with no back-down; the VA industry is finding that out in a hurry
The relationship began with a comment about the ineffectiveness of cosmetics on pigs

Friday 4.8.11
Gary Davis: Our goal is to educate and drive the industry towards approaching compliance as a key part of the overall operations of the firm, not something to be addressed in a silo.

MarketCounsel buys Beneficial Concepts Group with an eye toward calming smaller RIAs' compliance fears
Brian Hamburger believes new regulatory challenges require new approach

Tuesday 3.22.11
Mercer Bullard: "If the CFP Board, the Financial Planning Association or the Investment Adviser Association finally get their act together, they might want to get involved."

Mississippi lawyer Mercer Bullard volunteers to form an RIA SRO and nobody's laughing it off
IAA won't join forces; annual cost to run an SRO could top $150 million

Thursday 3.10.11
Zachary Gronich: "For the state registered people, I’m not really seeing any outrageous new costs beyond that new ADV 2a/2b.”

New Fidelity survey shows advisors are running scared about compliance costs
RIAs, compliance experts and a research group diverge wildly on future costs but a baseline increase in the single-digit thousands seems inevitable

Monday 3.7.11
Brian Hamburger: The SEC is lining up the facts so that later the conclusion becomes obvious (it can’t regulate advisors with current resources). ... It’s genius, what they’re looking to do, but it’s incredibly transparent.

The RIABiz list of winners and losers in the wake of the SEC's fiduciary study
The race is on as laggards adapt to new vision of the future

Friday 1.28.11
Bill Crager: Not having technology integrated is like leaving the windows open in New York in winter.

Envestnet's Crager and Fidelity's Durbin both say soon-to-be-realized scale advantages will bring more wirehouse assets into play
Their executive speeches at MarketCounsel Member Summit admit current shortcomings

Monday 11.22.10
David Tittsworth: I feel alone out there a lot of the time.

Testy words pass between advisors and regulatory panelists at MarketCounsel conference
RIAs are shocked by how bad things have gotten in Washington

Friday 11.19.10
Joe Duran: There will be a lot of folks wiped out and [big competitors] will charge 30-40-50 basis points and that’s the pricing we’ll all have to live with. (Photo by Catherine Taylor)

The MarketCounsel Member Summit hums in the Nevada desert
Joe Duran floats a controversial thesis about the threat faced by investment managers

Thursday 11.18.10
Daylian Cain: Disclosure is like a sugar pill. If it somehow relaxes us, than it does real harm.

What we all feared: 'Better' disclosure yields worse results, according to Yale professor's study
At an exclusive think-tank style conference on the Potomac, industry leaders heard the psychology behind investors' rosy view of the world.

Monday 9.27.10
Columnist Frank Pizzichillo on the decision points that finally led a brokerage team to make the break.

The Leading Indicator: The story of an intern, a broker and what might be the longest breakaway sales cycle ever
Merrilll Lynch's odd ducks are the independent world's $400 million AUM swans

Thursday 9.16.10
The CFP Board of Standards is co-sponsoring a conference to bring top academics, industry thinkers in front of regulators. Kevin Keller, CEO, says advocacy groups can't afford to take a break now.

How a surprising array of advisor groups aims to catch the SEC's ear
A conference of experts from academia, industry will examine how the fiduciary standard could work in a brokerage business

Monday 9.13.10
Charles "Chip" Roame's high-caliber attendees and the longevity of the Tiburon CEO Summit are making it a new standard of smaller event.

Two upcoming elite industry summits promise elbow rubbing and brainstorming par excellence
Brian Hamburger is gaining momentum with his MarketCounsel events in the wake of Chip Roame's long-term success

Tuesday 9.7.10
Denise Voigt Crawford: Advisors who haven't had an SEC audit recently -- or ever -- should expect an examiner's knock on the door soon after they switch to state oversight.

What advisors should know about the next sweeping change: the switch from SEC oversight to state regulation
It could impose most on advisors spread out across multiple states

Wednesday 8.25.10
The RIABiz partners are very rarely in the same place at the same time; in fact, this is our first real team photo!

Notes from the RIABiz one-year anniversary party
The spirit of the RIA Business was strong at this backyard event

Monday 8.23.10
Scott Dell'Orfano: Bigger teams are more educated, thoughtful, diligent. They’re asking pertinent questions.

Fidelity weighs in with breakaway results reinforcing the big-advisor trend
Are cost-cutting wirehouses creating a farm system for top entrepreneurial teams?

Thursday 7.29.10
Frank Pizzichillo: LLCs are king 'but there are situations in which an S-Corp may be appropriate and, much less often, where a C-Corp may be the way to go.'

The Leading Indicator: Do not forget corporate concerns in the transition to independence
The quick-hit S-Corp.-versus-LLC rundown for breakaway brokers

Tuesday 7.6.10
Marc Cohen: Frankly a number of our attorneys stayed up way too late sitting around a conference table continually throwing out words that could possibly get someone into trouble.

MarketCounsel's MailBanc automates away some of the liability risk of instant communications
A web-based email archiving and compliance tool for small to mid-size RIAs

Tuesday 6.29.10
While executives from Goldman Sachs raised their right hands before Congress and attempted to artfully wordsmith their way out of selling “crap” to their customers, those that represent a better way of doing business gathered in Las Vegas.

The Leading Indicator: Breakaway lawyers turn the tables and invite RIA providers to their own conference
The business plan and the breakaway plan of RIA service providers are starting to look the same

Thursday 5.20.10
Patrick J. Burns: I'm not sure the SEC or FINRA has the stomach for a return to the days of heavy litigation.

Broker protocol may be endangered by complexities as membership starts to explode
Merrill Lynch, LPL and Ameriprise create addendums to once-sacred truce; they may spark an unfavorable trend

Friday 1.29.10
Brian Hamburger: We would tell clients: Our corporate practice was no better or worse than any competing firm.

Hamburger acquisition bulks up firm's corporate practice
As RIAs grow more sophisticated, so does legal work to support them

Friday 12.4.09
Like Tom Turkey, many RIAs were thankful to survive 2009

Taking A Break From the Turkey?
RIABiz's top 10 stories from the past month offer a window into what RIAs care about

Thursday 11.26.09
Share your breakaway story: email elizabeth@riabiz.com

Merrill Lynch breakaway runs gauntlet to set up his business
'I was just a constant work machine'

Friday 11.20.09
Ed Friedman: “We ask them, do you really need somebody just to get lunch and coffee?”

The seven things I learned from roll-up executives in Princeton, including not to call them that
Four CEOs of aggregators choose four different paths to growth

Tuesday 10.27.09
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