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We have written a lot about the potential for market corrections and scenarios that may disrupt the decade long bull market. The Coronavirus is the most tangible example of a short-term threat to the market’s long upward climb. And our clients, keenly aware of the potential for market disruption, have asked us to create a Coronavirus stress scenario for Portfolio Crash Testing Pro

Colin Ward

23 Jan 2020

Don’t fall blindly into these 3 conflicts in Reg BI

Revenue-Sharing Conflicts Reg-BI represents a significant change in the SEC’s regulation target. Revenue Sharing is the practice of an investment fund security sharing money back with broker-dealers who sell it to clients and it was not regulated by the SEC prior to Reg-BI. By Reg-BI’s new standards, it exposes BDs to Best Interest violations. Specifically, the conflict of interest obligation eliminates many of the traditional means of disguising BDs may be forced to change or explicitly acknowledge revenue sharing arrangements to mitigate Reg-BI. Reg-BI may force revenue-sharing to change for BDs. Brokers can no longer just follow FINRA’s suitability standard because it did not impose many restrictions on revenue sharing....

Colin Ward

21 Jan 2020

Proving Compliance with RegBI Optimizer

PROVE COMPLIANCE WITH THE SUMMARY REPORT COMPARE ROLLOVER FEES PULL IN RETIREMENT PLAN DATA PRESENT CLIENTS WITH A COMPLETE COST PICTURE CRASH RATING PROVES YOUR RECOMMENDATION CONSIDERS THE CLIENT’S UNIQUE FINANCIAL PROFILE COMPARE YOUR FEES TO YOUR COMPETITORS MANAGE YOUR ADVISORS WITH THE ADMIN PORTAL When the SEC knocks, how will you prove compliance? With an estimated $11k price tag and loads of new documentation requirements Reg-BI can be overwhelming. But, we will help you make sense of this and comply with RegBI for a fraction of the cost. We know RegBIoptimizer is a top advisory tool because a top financial securities law firm reviewed the program for compliance. The...

RIAs, don’t think Reg-BI doesn’t apply to you

Colin Ward

13 Jan 2020

Form CRS is the biggest Reg-BI compliance hurdle for RIAs

Reg-BI brings Broker-Dealers into a Fiduciary Standard. Registered Investment Advisors will be challenged to prove they are already putting their clients’ interests first and have processes that ensure ongoing compliance. Form CRS is a crucial hurdle in showing due diligence.

The Forecast Folly: Why financial experts rarely stand the test of time Present success does not indicate future outcomes

Yon Perullo

08 Jan 2020

The Forecast Folly: Why financial experts rarely stand the test of time

Present success does not indicate future outcomes The Power of Other Opinions What do experts say about predictions? Two types of experts In Brief Present success does not indicate future outcomes Predictions are a form of guessing, where sometimes the guessing is more educated than others, and a more educated guesser is not necessarily more accurate. Market predictions, in particular, tend more towards the guessing end of the spectrum with the more educated and higher profile prognosticator typically carrying more weight in public opinion. Particularly at the end of every year there are a lot of predictions about what the major changes and trends are in the markets, technology, the...