Digest August 4th

Independence Move: RIA Breaks Free from LPL

Adam Spiegelman, who oversees $450 million for roughly 150 clients, opted to leave Commonwealth and forgo lucrative retention packages from LPL. He founded Spiegelman Wealth Management to embrace autonomy and choose his own tech stack—highlighting a growing push among advisors toward independence within the RIA model.
Nerd’s Eye View | Kitces.com

Compliance 2.0: Cyber Risk Takes Center Stage

Shifting regulations—like the EU’s NIS2, DORA, and the U.S. SEC Cybersecurity Rule—are pushing financial advisors to broaden their compliance focus from data privacy to include cyber‑risk mitigation, operational resilience, and detailed incident reporting. Privacy teams are evolving into central players in cyber risk strategies.
TechRadar

AI-Led Advice Hits Mainstream, But Gaps Remain

Platforms such as Mezzi and PortfolioPilot are delivering accessible, AI‑powered investment guidance by analyzing portfolios and goals. Yet challenges remain—accuracy, trustworthiness, and embedding fiduciary ethics. Experts unanimously recommend pairing AI output with human oversight, especially for complex planning scenarios.
sfchronicle.com