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Suitability is main worry when reps use Twitter, LinkedIn or Facebook. Read how firms like Cambridge are dealing with the challenges and reaping the rewards.
When social networking Web sites such as Facebook, Twitter, and MySpace began, they were devoted to the musings of like-minded individuals—often students—or the following of celebrities, or even, in the case of LinkedIn, professional networking and even job hunting.
When it comes to implementing a social computing strategy, many companies still abide by the security axiom of “only allow what is specifically permitted.”
Compliance departments are looking for outside help as they try to beef up their policies and procedures relating to social media Web sites. Among their strategies are bringing onboard new tracking software, using vendors and hiring compliance officers with social media savvy.
Troubled by Twitter? Flummoxed by Facebook? LIMRA and LOMA are offering help to financial services professionals by hosting a seminar on the various business opportunities and challenges that social media presents.
Whether they admit to it or not, lots of fellow independent broker-dealers and probably thousands of registered reps are going to monitor how a new social media pilot progresses at Cambridge Investment Research Inc.
Financial advisers typically are lured to new employers with generous promises, but promises don't buy happiness. Contracts do. Whether it's the corner office, a higher payout or a back-end bonus—or all three—the details need to be outlined in a letter of intent and signed ahead of time, lawyers say.
When social networking Web sites such as Facebook, Twitter, and MySpace began, they were devoted to the musings of like-minded individuals, in the case of LinkedIn, professional networking and even job hunting.
Think you’re alone when it comes to grappling with online social media? Think again. A new study has found that 43% of financial advisors who use social media are either operating without a policy or are unaware if one is in place.
Among their promising findings: 60% of those surveyed currently use social media for business purposes, 11% don’t use social media, and of the 29% with no plans to use social media in the future.
A survey of financial advisors found that many are using Twitter, LinkedIn and Facebook for business but not complying with regulatory guidance on social media use.
More and more, the financial services industry is realizing the business benefits of online social media tools—as well as the legal and compliance risks that come along with them. A just-released survey of nearly 200 financial advisers found that more than 60 percent already use social media for business purposes, that figure is expected to reach 71 percent by 2011.
Many financial advisers are using social-networking websites despite company directives that prohibit the practice, a recent survey has revealed. More than 60% of financial advisers agreed there is a business value in using social-networking sites, according to a survey conducted by Austin, Texas-based Socialware Inc.
New council of industry thought leaders and experts collaborate to bring social media, compliance best practices to financial professionals More >
LIMRA and Socialware have formed a strategic partnership, enabling the two organizations to work together in helping the financial services industry understand and address social media opportunities, risks and implications. More >
LiveOffice, the number-one provider of software-as-a-service (SaaS) email archiving, email compliance and email continuity solutions and Socialware, the leader in helping companies manage, embrace and leverage public social networks, today announced a partnership. Together the companies will provide LiveOffice users with the ability to pre-review and route social networking activity through their existing compliance workflow within LiveOffice AdvisorMail, while automating social media policy throughout the entire organization. More >
Socialware, a leader in enabling the social enterprise through the use of Facebook, LinkedIn and Twitter, today unveiled new findings from a survey of nearly 200 financial advisors from across North America on their use of social media and the compliance issues surrounding these public social networking sites. Of those surveyed, more than 60% use social media for business purposes, and of those, nearly 50% have been able to identify new referrals that resulted from their social networking presence.
Smarsh, the managed service leader in secure and reliable email archiving and compliance solutions, today announced a partnership with Socialware, a leader in helping companies manage, embrace and leverage public social networks. The partnership brings together the companies' innovative technologies to offer a unique solution for messaging and social media governance and compliance.
Socialware, a new company that is enabling the social enterprise through the use of Facebook, LinkedIn and Twitter, today announced the launch of Socialware Compass, a new web-based solution that gives companies the control, visibility and insight they need to confidently open up access to public social networking sites. Built on Socialware’s Social Middleware platform, Compass allows enterprises to easily manage social network usage and automate company-wide social network policies in order to gain real business benefit from the sites where employees, customers and partners are interacting in mass.
Socialware, a new company that is enabling the social enterprise through the use of Facebook, LinkedIn and Twitter, today announced the launch of its Social Middleware Platform. Now, for the first time, enterprises are able to integrate and leverage the public social networks where employees, customers and partners congregate. The cloud-based Social Middleware Platform sits between business users and public social networks, giving enterprises the control, security and visibility they need to transform the social Web into a viable business channel.
Following Regulatory Notice 10-06, Socialware provides clear strategies for compliance requirements when using social networking sites like Facebook, LinkedIn and Twitter. Offering in-depth analysis, and drawing on work with some of the largest institutions in the financial industry, the new guide answers some of the biggest compliance questions on how firms should deal with FINRA & SEC guidelines on electronic communication when using social networks.