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A Recordkeeping Checklist For Financial Planning Services: Proactive Documentation Of Service Delivery To Reduce Regulatory Scrutiny

Nerd's Eye View

Maintaining adequate books and records is a cornerstone of compliance for all investment advisers. For financial planning services, a similar approach to documentation can be applied to support regulatory compliance from the start of client engagement through all the steps that follow. Read More.

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The Liability Risk Of Giving Inadvertent Tax Advice (And How To Avoid It)

Nerd's Eye View

Historically, tax-related services within advisory firms were primarily focused on investment strategies, like using ETFs for their tax efficiency or implementing asset location and tax-loss harvesting strategies to boost after-tax returns. But it also demands new considerations in how those strategies are presented. Read More.

Taxes 189
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How RIAs Can Launch A Private Fund: Legal Requirements And Common Missteps

Nerd's Eye View

For firms with high-net-worth clientele, one way to do this is to offer alternative investments, such as private equity, private debt, or hedge funds, which may offer clients the ability to invest in a more diverse range of assets. generally those with over $200,000 of income or $1 million in net worth) are allowed to invest in private funds.

Clients 225
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Anatomy Of An RIA Sale, Merger Or Acquisition: 5 Important Legal & Compliance Steps

Nerd's Eye View

Once they are comfortable with the information and documents that have been shared, they can sign a Letter Of Intent that, while still high-level, provides enough detail about the proposed transaction for the seller to make an informed decision about whether to proceed.

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The Digitally Borderless Society Is Coming—And Faster Than We Think

Wealth Management

Their public records, LinkedIn activity, financial documents and digital behavior are already synthesized into a secure, adaptive client profile—before they finish typing their name. Number 8860726. Let’s say your planning tool doesn’t integrate with your CRM. No problem.

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Weekend Reading For Financial Planners (May 6-7)

Nerd's Eye View

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week’s edition kicks off with the news that the House Financial Services Committee unanimously passed a bill that would direct the SEC to conduct a study and carry out a rulemaking on the definition of a "small entity" to reduce the compliance burden on small businesses, (..)

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The Latest In Financial #AdvisorTech (August 2023)

Nerd's Eye View

This month's edition kicks off with the news that estate planning platform Wealth.com has launched Ester, an AI-driven 'legal assistant' that uses machine learning to help advisors quickly review and extract the key information from clients' estate planning documents, as it joins FP Alpha in the competition to become 'Holistiplan for estate planning (..)