Personal financial planning

  Investment advisers need to follow appropriate due-diligence processes when recommending or placing clients’ assets in alternative investments such as hedge funds, private-equity funds, or funds of private funds, the SEC said in a risk alert, available at

According to the alert from the SEC’s Office of Compliance Inspections and Examinations, advisers are:

  • Seeking more information and data directly from the managers of alternative investments.
  • Getting third parties to supplement and validate the information managers of alternative investments provide.
  • Performing additional quantitative analysis and risk assessment of alternative investments and their managers.

  The recent financial crisis magnified the importance of investor protection. Regulators can play a vital role in ensuring that securities firms protect client assets. The International Organization of Securities Commissions (IOSCO) published eight principles to guide regulators as they supervise securities firms on the protection of client assets.

The guidance refers to securities firms—including derivatives firms—that are subject to regulatory supervision as “intermediaries.” The principles are available at


Year-end tax planning and what’s new for 2016

Practitioners need to consider several tax planning opportunities to review with their clients before the end of the year. This report offers strategies for individuals and businesses, as well as recent federal tax law changes affecting this year’s tax returns.


News quiz: Retirement planning, tax practice, and fraud risk

Recent reports focused on a survey that gauges the worries about retirement among CPA financial planners’ clients, a suit that affects tax practitioners, and a guide that offers advice on fraud risk. See how much you know with this short quiz.


Bolster your data defenses

As you weather the dog days of summer, it’s a good time to make sure your cybersecurity structure can stand up to the heat of external and internal threats. Here are six steps to help shore up your systems.