What You'll Learn In Today's Episode:

• The importance of putting the proper preventative measures in place to protect yourself.
• Why it is essential to find a trustworthy attorney you can turn to when you have issues.
• How to better focus on serving your clients to the best of your ability.
• The importance of documenting everything you do.
• Why you should always give people the benefit of the doubt.
• The importance of having multi-factor authentication on every device.
• The benefit of creating written agreements with the people you work with.

When starting and then running your own practice, it is essential that you seek legal advice to ensure everything is done correctly. Having an attorney you can comfortably rely on allows you successfully run your practice, whilst also ensuring it is compliant with the various legal obligations that apply. Richard Chen, seasoned attorney, entrepreneur and public speaker, joins Matthew to share his advice for financial advisors seeking to protect themselves and their businesses.

Listen in as Rich explains the importance of documenting everything you do so there are never any questions about what has or has not been done. You will learn the benefit of taking preventative measures, why it is essential that you have multi-factor authentication on every device you use and the importance of drafting or negotiating good agreements with the people that you work with upfront.

Ideas Worth Sharing:

An ounce of prevention is worth a pound of cure. – Rich Chen Share on X
Document the work that you do. – Rich Chen Share on X
Compliance and legal issues evolve over time… so it’s important and healthy to take a risk assessment and evaluate. – Rich Chen Share on X

Resources In Today's Episode: