Praxis Makes Perfect Archive
Praxis Makes Perfect is a thought-provoking blog centered around the different ways to think about the challenges Independent BD and RIA leadership face every day. Subscribers, from time to time, will have an opportunity to participate in research efforts to help provide directional guidance to how our industry can continue to evolve and thrive.
Iterative Innovation
Innovation and Business Modeling are classic management activities used by long term successful companies of all sizes and most industries. All businesses today operate in an ever accelerating state of change, and those who plan to survive have a plan that includes innovation and business modeling as key tools to help discover the way forward.
Though some companies in the financial services industry innovate, and some of the new business models are innovative, my observation is Advisor practices have not built their capacity to innovate or use business modeling in any meaningful way. As an industry, there are pockets of...
Mega Trends We Cannot Ignore #4
In this installment of the 6 part series on mega trends we examine the regulatory and risk management environment and its impact on our industry. As we monitor and consider this we realize the pace of regulation change will not decrease or get easier, and clients will not get less litigious. Risk Management will expand to become an even more robust and costly requirement to be in the business.
Risk Management will move to incorporate VAR (value at risk) assessments for: operating model risk, and reputational risk, in addition to the traditional suitability, supervision and reporting risk. Technology solutions will...