For RIAs and most other businesses, 2020 was a year of transition and one that presented many challenges. Many of these challenges will continue and will represent key business priorities for RIAs in 2021. Virtual meetings Virtual meetings became a necessity in 2020 in dealing with the effects of the pandemic. This trend wasn’t a…
The latest fiscal stimulus bill was passed by Congress and signed into law in late December 2020. The bill offered economic relief for individuals, small businesses and provisions about distributing the COVID-19 vaccines. Here is a summary of how small businesses will benefit from the latest stimulus package: Additional PPP loans The latest stimulus package…
Financial advisors are increasingly using data aggregators to help them get a handle on all of their client’s accounts in one comprehensive online format. Data aggregation allows both the advisor and their client to see the same data and provides the advisor a full picture of all of their client’s accounts in one place. Clients…
Having an audit by state or federal regulators can be a harrowing experience for any RIA practice regardless of the firm’s size. While you have no control over whether or when regulators will show up at your firm’s doorstep, being prepared will help the audit go smoothly. Part of being prepared involves having the right…
With Socially Responsible Investing (SRI) continuing to gain popularity, offering SRI within your portfolios will meet the demands of investors looking to ‘do good’ for others. Now, as COVID-19 continues to change our values, socially responsible investing is helping to address the inequities in our society. Throughout the last decade, socially responsible investing has grown…