The Cyber Risk You Didn’t Sign Up For (But Are Liable For Anyway) (Ep. 15)
Description
In this episode of Contrasting Viewpoints, Ray Sclafani and Mark Hurley delve into the evolving landscape of wealth management, discussing the rising demand for financial advice, the implications of new custodial fee structures, the variances in M&A offers, and the critical importance of cybersecurity for advisors. They emphasize the need for advisors to prepare for growth opportunities while managing risks effectively, particularly in the face of increasing cyber threats.
Key Takeaways
• Demand for financial advice is increasing, especially among affluent clients
• Pershing's new fee model signals a shift in custodial economics.
• Cybersecurity is a critical issue that advisors cannot ignore.
• Educating clients on cybersecurity can mitigate risks and protect advisors.
• The financial services industry is experiencing a divergence in growth among firms.
Click here for the white paper, written by Mark Hurley and Brian Hamburger, titled 'Are You Trying to Get Sued?'
United States
