How to protect your RIA firm from insider threats
It only takes one seemingly small mistake or a single disgruntled employee to expose your registered investment advisory (RIA) or financial advisory firm to security risks. Imagine an employee accidentally sending sensitive client information to the wrong email address. Your firm could face regulatory fines, reputation damage, and legal action from affected clients. Unfortunately, these […]
Protecting client data while outsourcing noncore tasks
Outsourcing has become a lifeline for many registered investment advisors (RIAs) and financial advisors. By handing off noncore tasks such as portfolio management, compliance, or marketing to specialized vendors, advisors can focus on serving their clients. However, this convenience comes with certain risks. Entrusting sensitive client data to third-party vendors introduces the potential for security […]
Protecting your RIA: Could your firm survive a major IT failure?
No one wants to think about their IT systems going down. It’s the kind of thing you hope you never have to deal with. But the reality is that unexpected system failures do happen, and they can throw a major wrench into your operations, impacting everything from client service to your bottom line. For registered […]
Why proactive IT monitoring matters for RIAs
As a registered investment advisor (RIA) or financial advisor, you probably already know your clients expect seamless service and airtight security. your IT setup can make or break your ability to deliver on those expectations? Fortunately, proactive IT monitoring exists to make your life easier. From wresting control over unexpected outages to staying compliant with […]
Simplifying RIA recordkeeping compliance with Microsoft 365
Running a registered investment advisory (RIA) or financial advisory firm is no walk in the park, and when it comes to recordkeeping compliance, it can feel more like scaling a mountain. Between the exacting standards of the Securities and Exchange Commission (SEC) and the staggering amount of data you’re handling, staying compliant may present an […]
How RIAs can stay prepared with effective incident response and reporting
Managing sensitive client information is at the core of what registered investment advisors (RIAs) and financial advisors do every day. But what happens when that information is compromised? Imagine a scenario where you discover a phishing attack targeting your team’s email. Without an incident response plan, your employees may not know how to handle it. […]
How RIAs can secure printed documents
Despite the rise of digital workflows, printed documents remain a fixture in the world of wealth management. Whether it’s client contracts, financial statements, or regulatory filings, the need to print and store sensitive paperwork is still very much alive. However, while essential, printed documents come with their own set of risks. For registered investment advisors […]
Why an assigned IT team is key to your RIA’s success
Registered investment advisors (RIAs) and financial advisors deal with increasingly complex tech challenges. From navigating complex client data systems to complying with strict regulations and warding off cybersecurity threats, these hurdles make efficient IT management nonnegotiable. For RIA and financial advisory firms, especially those with 5 to 25 employees, relying on generic IT support just […]
Managing texting risks for RIAs and financial advisors
Texting has become a common way to communicate in nearly every aspect of life. It’s no different for registered investment advisory (RIA) and financial advisory firms. Employees often find texting to be the fastest way to connect with clients, answer questions, or share updates. But while texting is quick and convenient, it can also open […]