How Lockton Affinity Advisor Meets Schwab Insurance Benchmarks
Your financial services firm faces special risk when operating your business. In the registered investment advisor (RIA) industry, that risk is climbing. Last year, Charles Schwab Co., Inc., one of the largest financial services custodians in the world, sent a memo to their RIAs communicating new requirements for RIA insurance protection.
The Schwab memo emphasizes the importance of adequate insurance for protecting your