Registered Investment Advisors Archives - workplace

Analysis of FINRA 2017 Exam Finding and 2018 Exam Priorities

Posted by Asset Managers Audience Broker-Dealers Family Offices Registered Investment Advisors White Papers No Comments
Our observations about FINRA’s 2017 Exam Findings, 2018 Priorities and their potential relevance for Broker-Dealers

There was no shortage of headline-grabbing cyber-related events in 2017; leaks from Equifax, Verizon and Deloitte as well as the WannaCry ransomware attack. It is clear from reading these FINRA missives that cybersecurity and technology risks continue to consume the financial services community. Cybersecurity is essentially a stand item on FINRA’s annual examination roadmap, and its inclusion again in 2018 further solidifies this conclusion.

 
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Are you doing all you can to protect your data properly?

Posted by Asset Managers Audience Broker-Dealers Family Offices Registered Investment Advisors White Papers No Comments
Dealing with cybersecurity incidents is not a question of ‘if’ but rather ‘when’ it happens

Cybercrime continues to be a very serious problem in the financial industry. The number and sophistication of malicious attacks has increased over the last few years and is not expected to slow down anytime soon. While the latest OCIE alert shows a marked increase in overall cybersecurity preparedness and awareness by advisors and broker-dealers, there are still areas where firms are failing. This white paper details our observations in the field and provides real-world guidance to the security issues advisors and broker-dealers are facing on a daily basis.



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Not all clouds are equal: demystifying the ‘public vs. private’ debate

Posted by Asset Managers Audience Broker-Dealers Family Offices Registered Investment Advisors White Papers No Comments
Is the cloud secure enough to support a wealth management firm’s critical company information?

Ask a wealth management colleague to define “the cloud” and you are likely to get a vague response. Even among IT experts the term “the cloud” can have different meanings. And despite the fact that cloud computing has become the IT norm, questions remain about its security.  The truth is not all clouds are equal in infrastructure and in management.  This white paper is for wealth management professionals who seek to understand “the cloud” and how these technologies can support their overall business goals.



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SaaS and you: how to safeguard your client data in the cloud

Posted by Asset Managers Breakaway-Advisors Broker-Dealers Family Offices Registered Investment Advisors White Papers No Comments
Are Your SaaS Applications Safe?

If your firm is like most modern wealth management firms, you use a variety of business and financial software packages, many of them “in the cloud.” Unfortunately, security controls vary significantly from one SaaS provider to the next. Read our white paper to learn what to look for when selecting SaaS vendors, as well as additional security measures you should implement to protect your firm.



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Security and regulation drove this RIA to Workplace

Posted by Case Studies Registered Investment Advisors No Comments

Hardy Reed, LLC, a Mississippi-based RIA with offices in Tupelo and Oxford, was founded in 2006 when Scott Reed and John Hardy broke away from a well-known brokerage to found their own firm. Their team serves clients across the country, offering investment consulting and advanced planning to individuals, as well as guidance to nonprofit organizations and retirement plan sponsors. Hardy Reed also was one of the first RIA firms to receive certification from the Center for Fiduciary Excellence (CEFEX). With mobility, access and security issues, Hardy Reed turned to Workplace to modernize its technology setup.



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Smarter Tech Can Mean a Better Deal

Posted by In the News Registered Investment Advisors No Comments

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An IT upgrade can make your firm more attractive to the next generation of wealth managers. 

Selling a successful wealth management business is one of the hardest things an owner will ever do. Intense negotiations and emotions compound the pressure of determining an optimal valuation for the firm while also keeping the practice running smoothly through the transition process. Read More

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