Articles by Karen Riccio

Fighting Cybercrime with Technology and Employee Training

By Karen Riccio on May 15, 2017
Cybercrime Training

Investment firms and financial companies are constantly under the microscope of regulatory agencies to prove that adequate security controls are in place to protect sensitive client data and accounts. To most CEOs, that means adhering to…

Big Data Makes Big Differences for Financial Firms

By Karen Riccio on March 20, 2017
Big Data Greece

The collection of data goes all the way back to ancient times when the Library of Alexandria in Egypt served as the world’s hub for every papyrus scroll—estimated up to 700,000 or the equivalent of 100,000…

Asset Management Firms Still Guilty of Complex Online Content

By Karen Riccio on January 30, 2017

Back in 1998, the U.S. Securities and Exchange Commission (SEC) published “A Plain English Handbook” to help the financial industry simplify documents both online and in print. Riddled with jargon, unnecessarily long words and run-on sentences,…

How Will Trump’s Focus on Deregulation Affect Asset Management?

By Karen Riccio on December 28, 2016
trump deregulation

By now, the world is well aware that Americans voted President-elect Donald Trump into office, and he’s making waves and promises to overturn many of the previous administration’s policies even before being sworn in this coming…

Sellers of Annuities Beware

By Karen Riccio on November 29, 2016

There’s always been a lot of trash talking surrounding annuities and the advisors who sell them, but it’s grown even dirtier and louder with the changes to fiduciary law set forth by the U.S. Department of…

Are Smart ETFs Too Good to Be True?

By Karen Riccio on October 19, 2016

One of the first rules we are encouraged to follow as investors is “if it sounds too good to be true, it probably is.” For me, the jury is still out on whether smart beta ETFs…

Technology May Be Fiduciary-Bound Advisors’ Saving Grace

By Karen Riccio on September 13, 2016
Technology May Be Fiduciary-Bound Advisors’ Saving Grace

Welcome to part two of the two-part series that addresses the new fiduciary rule recently handed down by the U.S. Department of Labor, looking at the effect it is having on the financial industry, and how companies…

How the New DOL Fiduciary Rule Is Disrupting the U.S. Advisory Landscape

By Karen Riccio on August 23, 2016

When the U.S. Department of Labor recently changed the rules of the financial advisory game, you would have thought the sky was falling based on the knee-jerk reactions from many in the business. Personally, I jumped…

Canada Relaxes Rules on Corrupt Business Practices

By Karen Riccio on July 21, 2016
Canada corrupt business practices

Just three short years ago, many Canadian companies and their employees came under fire for corrupt business practices and a lack of transparency. At the same time foreign officials accused the Canadian government of not enforcing…

A Bear Market: Uncharted Territory for Robo-Advisors and Millennials

By Karen Riccio on June 28, 2016
Robo-Advisors bear market

Over the past couple of years, we’ve witnessed the blending of a new generation of investors and new breed of advisors. On one hand, we have more than 75 million millennials, a group of 17- to…