3/8/2010
Most of your peers spend the bulk of their time monitoring for exceptions to compliance, believe their program makes their firms more competitive and their budgets average 6% of their firm's operating costs, according to a new survey that IA Watch co-sponsored.Tony Turner, owner of Financial Trackin ...
Indexed by:
9/14/2009
Increase the chances of persuading your superiors to support your compliance initiatives by indicating how they would "lead to a quantifiable return on investment," states a new whitepaper that probes the intersection of flat or falling compliance budgets and anticipated greater regulatory requirem ...
Indexed by:
5/25/2009
When it all shakes out, FINRA will likely be given the authority to examine RIAs, the SEC will oversee the SRO's work, and the addition of rules-based regulation will increase the cost of compliance for investment advisers by 10%-20%, predicts a new white paper by the Tower Group."The best scenario ...
Indexed by:
12/1/2008
Tight times cause companies to examine where they can save a buck. James Warring, president/CEO of Eaglestone Wealth Advisers in Rockville, Md., saw an opportunity to cut costs by hiring an outsource company to run his small firm's compliance program.Eaglestone's Form ADV lists its CCO as OutsourceC ...
Indexed by:
6/30/2008
Don't be shocked if you discover a questionnaire from CUSIP inquiring as to how you use those unique security identifiers. You may be startled, though, when CUSIP asks for a license permitting you to use the numbers in your security master file at annual rates in excess of $10,000.We've heard severa ...
Indexed by:
6/16/2008
A new salary survey of CCOs finds the top earner pulls down $1 million/year and few make less than $150,000 annually.The survey, of "64 fund families" by Management Practice of Stamford, Conn., places the average annual pay hike for CCOs at 9%.But the company cautions much of the data fluctuate grea ...
Indexed by:
10/01/2007
Advisers are caught between an influx of new clients and a shortage of talented staff, according to the latest Moss Adams survey of adviser compensation. For firms to continue to grow, they will need a value proposition to attract, retain, and develop talent, the survey said."The consequences are tw ...
Indexed by:
08/20/2007
IT spending for investment adviser compliance departments is on the rise. Increasing regulatory oversight and enhanced interest in compliance from institutional investors has set the market for compliance software sales to increase. As the demand increases vendors are tailoring their products to mee ...
Indexed by:
2/23/2007
Information technology expenditures have been growing over the past few years-mostly due to regulatory concerns, investment advisers say-and the trend doesn't look like it will slow anytime soon, according to a survey conducted by the Investment Adviser Association and SEI.Results from the survey, i ...
Indexed by:
1/19/2007
Here are the factors that respondents said influenced how their 2006 bonuses were determined. Respondents were told to pick no more than two factors. Additional factors not listed below include: the evaluation of a fund board; leadership; and successful internal audits and/or annual compliance revie ...
Indexed by: