Tom Giachetti is going to be speaking at the Insider’s Forum conference in Phoenix next week (role playing with me), in a fuller treatment of the subject he talks about here: the new scope of the SEC examinations. He says that advisory firms will need to take the new rules more seriously than what he’s currently seeing in the marketplace.
Mark Tibergien says that one of the biggest mistakes advisory firms are making in their daily routine is not focusing on the career development of their key staff members. Do you clearly define job descriptions and what success looks like at each position? Do you know what qualities and attributes are needed to perform the job effectively?
Tis issue of Investment Advisor also includes two articles talking about the possible transition of advisor compensation from AUM to… something else. But you only really need to pay attention to one of them.
[Read more »]