Compliance is considered to be the most essential service that a broker dealer can provide its advisors. With compliance requirements changing as often as New England weather patterns, financial advisors, now more than e[...]

It’s a jungle out there and, while sometimes beautiful and even exhilarating, jungles are also risky. We talk to our clients all the time about risk, and compliance departments dedicate an enormous percentage of their [...]

In Part I of this series, we discussed the pros and cons of starting a B/D as well as the financial considerations and the FINRA process. Now let’s discuss other considerations such as technology, personnel, auditing a[...]

Having a clearly defined business plan with exhaustive research on the “nuts and bolts” of launching a new firm, including all of the regulatory, legal, and cost issues, is a good starting point.[...]