Digest December 29th

Financial Industry Regulatory Authority (FINRA) Issues 2025 Examination Priorities Report

FINRA’s newly released report highlights increased scrutiny on cryptocurrency exposures, outsourced vendor relationships, digital communications with clients, and cybersecurity protocols. Advisory firms should prioritize gap assessments in these areas now.
Source: FINRA

Securities and Exchange Commission Withdraws Proposed Cybersecurity Rules for Advisers

In a surprise move, the SEC dropped its proposed set of detailed cybersecurity rules for investment advisers—citing feedback on feasibility and scope. While it reduces one compliance burden, advisers should not interpret it as a green light to relax controls.
Source: Cybersecurity Dive

Advisor Talent Gap Widens as Industry Faces Next‑Gen Transition

Analysts estimate the U.S. wealth‑management sector may face a shortfall of up to 100,000 advisors by 2034. With many veteran advisors approaching retirement and fewer new entrants replacing them, succession planning and advisor recruitment have become strategic priorities for firms.
Source: McKinsey