Can Compliance Be a Revenue Generator?

Regulations and compliance burdens have always been a necessary cost of doing business for most advisory firms, even as technology has made the function more efficient and streamlined.

But can a focus on strong compliance—with high levels of cybersecurity protection and succession plans, for instance—move from being a thing that an advisor has to do behind the scenes, to being a business function that an advisor can strengthen and enhance to the point of touting the value to clients as a way of marketing their firm and growing revenue?

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