Wealth management companies are collecting more data about clients than ever before, intending to transform how advisors serve clients. But in the wake of the BlackRock’s massive data leak, questions arise about how well financial services firms are securing sensitive data. With the responsibility of securing client data resting on RIAs, navigating a complex world of increasingly complicated partnerships between firms can be tricky for advisors as breaches come with crippling consequences.

Read Full Article, Written by Sean Allocca of Financial Planning, here