A disturbing trend that has seemed to manifest itself much more often
these days is the focus of some folks on personalizing everything. Whether in
business or personal life, we see people who always make the topic of
discussion about them and usually in a sense that they either feel wronged or
superior to others. In the workplace, this may appear where an employee feels
aggrieved about a new rule and tells a supervisor or fellow employee that the
change is aimed at the employee and intended to make things more difficult for
him or her.
I remember back when I was in college hearing about what was
then termed the “professional student”, a person who stayed in college after
completing a course of study and receiving a degree. Usually relying on his or
her parents, the professional student would go on to another program and pursue
another degree, putting off for as long as possible the necessity of getting a
job. Of course, there is nothing wrong with learning and continuing to learn,
but some form of application of that learning seems to be reasonable.
Working up your annual review and update for your RIA
business requires you to take a close look at your firm’s processes and
disclosures as well as other aspects of the business. Clearly, this is a good
time to communicate with your staff and employees about these items. What you –
or your employees – do not know about your business operations CAN hurt you.
One way to look at the discussion here is as a training opportunity.
You and your compliance personnel will already be involved in preparation of
the annual update and so the concepts, changes and potential issues will be
front of mind.
Summer is on its way out and thoughts turn to the start of
another school year across the land. Though we often see our receiving a degree
as the end of a process, it is important to remember that learning can and
should continue long after we have left high school, college, and even grad
school behind. Our businesses continue to evolve and we – and our colleagues –
should not overlook the benefits of additional education and growth.
One way to address this need is through participation in
seminars and trainings designed to keep us fresh and informed about changes in
the rules, the approaches and the best practices in our chosen fields.