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
New client acquisition is one thing that is crucial for financial advisors to continue to grow their practices. However, generating new client leads can be difficult and expensive, especially for those just starting. Here are a few proven marketing strategies for financial advisors that can be used to drive new leads whether you are a
The Securities Industry Essentials (SIE) exam covers a wide array of financial topics. Although this exam covers in-depth knowledge of the financial services industry, it is not impossible to pass. The following study guide lays out the basic securities industry information you need to know for the SIE exam. Changes in Securities Industries Essentials Exam
For some, the words “artificial intelligence” are associated with self-driving cars, sentient robots, and world-threatening supercomputers. However, artificial intelligence and machine learning are now being used to optimize a wide range of business processes including fee calculation, billing and invoicing. Manually processing invoices can be a time-consuming, error-prone procedure that exposes businesses to reputational risks,
While this model did have its many benefits, historically, there have been challenges in managing things like transitions, taxes, restrictions, and profitability.
Within the global financial services industry, one popular strategy that wealth management firms utilize to manage portfolios better is sleeve management, also known as sleeve accounting. Sleeves exist to allow financial advisors to segment and subcontract the management of a single portfolio to third-party experts more easily. While this model did have its many benefits,
Traditionally, when creating a fee schedule, all payment levels would make up a single fee structure. This meant that if an investment advisor wanted to change a specific fee within the structure, the entire fee schedule would need to be recreated.
When investment advisors invoice their clients, the fees are calculated based on a fee schedule. There are several different types of fee schedules that advisors can utilize to determine a client’s fees, including flat, tiered (blended or linear), and conditional just to name a few. For example, under a flat investment management fee schedule, all
At Redi2, we are passionate about making billing better for financial services firms. As we do so, our clients become more successful at servicing their clients. This outcome has earned Redi2 the confidence of many of the world’s leading financial institutions.