Client Communications

Your responsibilities to “know your customer” (KYC) is capsulized in several FINRA rules (IA Watch, July 8, 2013). The most recent one being rule 2090, ...

For some advisers, their clients must go to their custodian’s website, say a Charles Schwab or Fidelity, to glance at their portfolios online. Some build ...

The Investment Company Act of 1940 Section 30-- Reports and Financial Statements of Investment Companies and Affiliated Persons Annual report by company. Every registered investment ...

Securities Act of 1933 Section 10 -- Information Required in Prospectus Information in registration statement; documents not required Except to the extent otherwise permitted or ...

It's common for firms to show potential investors their performance gauged against an index, say the S&P 500. You can even come up with a ...

Last month, we passed along best practices for what to include on invoices (IA Watch, May 12, 2014). Nancy Lininger of The Consortium, a consultant ...

Many firms directly debit their fees and no longer send invoices to clients. However, there can be advantages to dispatching invoices."It's a good idea to ...

Last week, Charles Schwab & Co. decided to settle its long-running battle against FINRA over whether language in agreements prohibiting customers from joining class-action lawsuits ...

NFA Compliance Rule 2-30(b) requires Members and Associates who are registered as brokers or dealers under Section 15(b)(11) of the Securities Exchange Act of 1934 ...

The oft-used phrase goes "money is fungible," meaning it's interchangeable. Its context on a global scale for advisers is that you can manage money no ...