1st Global’s Steve Smith Featured in FSI Article

1st Global Assistant Vice President of RIA Compliance Stephen Smith was recently featured in an FSI Voice article, “Trends and Options in Hybrid RIA Structures.” Smith notes that most firms choosing the fully independent route are larger firms that have the means to deploy their own robust technology platforms and compliance infrastructure. He said, “Most of what we see among midsize to smaller firms is going from having their own independent RIAs to the corporate RIA. It doesn’t make a whole lot of sense for some of these firms to maintain their own RIA as costs continue to go up — they don’t want to pass those costs through to their customers.”

Read the FSI Voice article.