BlogFinancial Services

What Is SEC 17a-4?

Established as part of the Securities Exchange Act of 1934, SEC 17a-4 defines a set of records preservation and retention requirements for registered broker-dealers. SEC 17a-4 itself became part of the law in 1997, and in recent years, enforcement of this rule—along with the consequences for violating it—have increased significantly. As recently as 2016, the…

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BlogFinancial Services

How Broker-Dealers Can Compete with Robo-Advisors

Broker-dealers are finding it increasingly difficult to attract millennial investors while still building relationships and effectively servicing their current clients—especially with robo-advisors encroaching into the industry. Click here to get the complete presentation deck Timothy Welsh, President and Founder of Nexus Strategy, LLC, and James Simos, Co-Founder and Chief Operating Officer of Infinity Financial Services,…

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BlogFinancial Services

How Laserfiche ECM Helps Financial Advisors Compete with Robo-Advisors

Today, financial advisors operate in a far more competitive landscape than in years past. Robo-advisors and other technology-driven changes are impacting the traditional practices of advisors, creating urgency to adopt the latest industry innovations. Here are three factors that are contributing to the industry’s shifting landscape and how enterprise content management (ECM) systems helps financial advisors adapt…

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BlogFinancial Services Expert Panelists Talk Workflow for Wealth Management | Laserfiche

Expert Panelists Talk Workflow for Wealth Management

Workflow automation is taking the wealth management industry by storm. Automated account onboarding, digital client signatures and streamlined blotter submissions are just a few innovations that are transforming the way advisors serve their clients. At a Laserfiche Empower panel discussion, Deborah Fox, CEO of Fox Financial Planning, Tim Welsh, President of Nexus Strategy, and Joel…

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BlogFinancial Services

Record Collecting Versus Record Retention

Anyone looking into a financial advisor’s office or file server will notice it right away: hundreds, even thousands of files and records that detail every financial decision, action and communication the advisor has ever made. Do financial advisors need to hang onto every single document? Sort of. The SEC has mandated that financial advisors must…

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BlogFinancial Services

RIA Pop Quiz: Do You Know Your Recordkeeping Regulations?

No one is a fan of financial industry-related funny business. Those hijinks got old really fast. That’s why regulators are putting the pressure on financial advisors to increase their accountability by keeping better records. As an RIA or financial firm, you’ve probably been drilled to do things by the book. But how compliance-savvy are you?…

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BlogFinancial Services

Why Your Computer and Company Server Are Not Compliant

Financial advisors have been dealing with regulatory oversight and strict recordkeeping rules for years. But now that more firms are transitioning to digital recordkeeping, advisors need to understand that saving a digital record on their computer or server is not the same as storing a paper record in a filing cabinet. Digital files and records are…

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