Digest September 29th

SEC Proposes T+1 Compliance Check Amid Ongoing Settlement Transition

As part of its continued push toward accelerated settlement cycles, the SEC has proposed additional compliance measures around T+1 implementation. Advisors are urged to review their operational workflows ahead of the May 2026 deadline to ensure readiness and mitigate risk exposure.
SEC

Clients Increasingly Expect Holistic Planning, Not Just Portfolio Performance

A recent Morningstar study shows that 72% of clients now prioritize financial planning and goal tracking over investment performance alone. This marks a shift in client expectations—especially among Gen X and Millennial investors—underscoring the importance of delivering comprehensive value beyond returns.
Morningstar

Cybersecurity Under Scrutiny as Advisors Face Increased Threats

The 2025 FINRA Risk Alert emphasized a sharp rise in targeted cyberattacks against RIAs, with phishing and ransomware incidents up 38% year over year. Advisors should reassess internal controls and employee training protocols to remain compliant and safeguard client data.
FINRA