More On Legal & Compliance
from The Advisor's Professional Library- Client Communication and Miscommunication RIA policies and procedures must specify what type of communications should be retained. The safest course of action is for RIAs to retain all communications—to clients, from clients, and about client accounts. To comply with fiduciary obligations, communications must be thorough and not mislead.
- Updating Form ADV and Form U4 When it comes to disclosure on Form ADV, RIAs should assume information would be material to investors. When in doubt, RIAs should disclose information rather than arguing later with securities regulators that it was not material.
In last week's holiday-shortened week, the Dow rose 0.8%, the S&P 500 rose 3.8%, and the Nasdaq rose 4%. The S&P has now risen 26.6% since its low on March 9. Stocks were helped in the financial sector by Wells Fargo's report of record earnings and Lincoln Financial's announcement that it was repaying $500 million in debt.
Likely to be moving the markets this week is the busy season for corporate earnings, especially for banks. Those closely watched include Goldman Sachs on April 14, Charles Schwab on April 15, BlackRock and JPMorgan on April 16, and Citigroup on April 17.
As for other economic indicators, March producer prices are on April 14, as are March retail sales. On April 15 are inflation figures for March, along with industrial production.
Thursday, April 16 brings weekly jobless claims and March housing starts.
