September 21, 2021 | Shoestring RIA
Once you decide to go down the path of entrepreneurship, while rewarding in many aspects, it is still a psychologically draining experience. At least when you are part of a large corporation, the pressure and anxiety is well known and there are support mechanisms to help as you move up the corporate ladder. This support
September 17, 2021 | Financial Industry
Historically, financial advisory fees all followed one of a few basic structures. However, financial advisors have used several new compensation structures to remain competitive in recent years, and they can vary significantly. Understanding the various fee models is essential before deciding which financial advisory fee model or models work for your practice. Why Are Different
September 08, 2021 | Financial Industry
Obtaining the right securities license is essential in becoming an investment representative, security sales agent, or any other professional in the securities industry. The licensing process is extensive and can be challenging to navigate. Understanding the different types of FINRA licenses and when they’re required will help you establish which exams you will need to
September 07, 2021 | Shoestring RIA
For financial advisors thinking about starting their own RIA, it’s important to realize that success requires an entrepreneurial mindset. Every day out on your own can feel like you’re fighting an uphill battle, but this is part of the entrepreneurial spirit.
September 01, 2021 | Financial Industry
The Securities and Exchange Commission (SEC) drafted the Regulation Best Interest (Reg BI) rule in 2019. Regulation BI provides additional safeguards for investors by setting new standards of conduct for financial advisors and broker-dealers. The implementation of Regulation BI may lead to operational changes for broker-dealers and investment advisers. Under Regulation BI, these individuals have
August 17, 2021 | Shoestring RIA
Make no mistake, running your own RIA is a business and should always be treated with the same considerations as any business, such as how to handle products and services, operations, sales, marketing, and finances. Though some RIAs may join an existing RIA firm to ease their operational burdens, many RIAs wind up starting their own firms or go on to register as both a broker-dealer and independent investment advisor.