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October 20 2016 - NRS Insights

Third-party Examinations of Investment Advisers on the Horizon

U.S. Securities and Exchange Commission (“SEC” or “Commission”) Chair Mary Jo White has made a number of public comments indicating that the SEC is considering former commissioner Daniel Gallagher’s recommendation to allow third-party entities to conduct examinations of registered investment advisers. Click the link above to read more…..
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Typing
October 17 2016 - NRS Insights

Quizzes — A Great Learning Tool That Should Not Be Overused

FIRE Solutions’ exam prep courses include quizzes that test your knowledge of the materials taught in our lessons. While quizzes help determine a student’s level of knowledge of a topic, they also help the student to learn and retain the information. Research from Washington University in St. Louis indicates that quizzes may be a student’s best friend when it comes to understanding and retaining information for the long haul. But don’t over-quiz — here’s the science behind our strategy:
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October 13 2016 - NRS Insights

Investment Firms Pay the Price for Using Boilerplate Disclosures

Recent SEC cases against leading investment groups emphasize the need for thorough review of and tailored updates to all disclosures…Click the above link to learn more. In 2016, the SEC brought enforcement actions against Riverfront Investment Group, Raymond James & Associates, and Robert W. Baird & Co. for failing “to properly prepare clients for additional transaction costs beyond the ‘wrap fees’ they pay to cover the cost of several services bundled together.” These cases once again demonstrate how boilerplate disclosures that are inconsistent with the actual practices implemented by a firm may fail to withstand regulatory scrutiny.
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Money
September 16 2016 - NRS Insights

AML Red Flags: The Clues to Combating Illegal Activity

The USA PATRIOT Act specifically requires your firm to establish a program to prevent money laundering and interdict possible terrorist financing activities.
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September 15 2016 - NRS Insights

What Advisers Need to Know to Comply with the SEC’s New Form ADV Amendments

On August 25, 2016, the SEC adopted amendments to Form ADV and the Advisers Act. As noted in the adopting release, the amendments to Form ADV are designed to improve the depth and quality of information the SEC collects on investment advisers that will enhance the staff’s ability to effectively carry out risk monitoring initiatives and assist the SEC’s risk-based examination program….Click the link above to read more.
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September 6 2016 - NRS Insights

Newly Proposed SEC Rule May Have Far-Reaching Impact on Investment Advisers

On June 28th, 2016, the SEC proposed a new rule under the Investment Advisers Act of 1940 that would require SEC-registered advisers to adopt, implement and maintain relevant records of business continuity and transition plans. Regulators believe that the rule will minimize client and investor harm during periods of disruption….. To read more, click on the blog headline above.
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Growth
August 30 2016 - NRS Insights

88 Million Participating in 500,000 401(k) Plans in the U.S.!

401(k)s have been a retirement option for only 35 years, and yet roughly 28% of the U.S. population is participating. As mentioned in earlier articles, retirement planning is one of the most important and complex financial tasks clients will undertake in their lives. At a bare minimum, registered representatives should educate themselves about the various retirement plans and products before recommending them to their clients.
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PASS
August 17 2016 - NRS Insights

Series 63 NASAA Exam Update

NASAA has updated the test specifications for each of its examinations to better reflect the skills and knowledge needed by broker/dealer agents and investment adviser representatives in today’s ever-changing financial industry.
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BIG DATA Security
August 17 2016 - NRS Insights

Cybersecurity for Reps & Clients

FIRE Solutions is pleased to announce the addition of Cybersecurity for Representatives & Clients to our Firm Element and Annual Compliance Meeting catalog.
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Plan
August 8 2016 - NRS Insights

401 (k) Plans

FIRE Solutions is pleased to announce the addition of 401 (k) Plans to our Firm Element Continuing Education course catalog.
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