Stock tips and socializing can get BDs and RIAs in trouble with Reg-BI
Here’s the situation: The location has no bearing on a recommendation. Ask yourself two questions to see if a conversation qualifies as a recommendation Exercising Fiduciary Caution will show you...Read More
Advisors are still in denial about Regulation Best Interest
Here are my key takeaways from the LINC conference. When the SEC knocks, how will you prove compliance? The Stars Point to Compliance Better to bargain We are here to...Read More
Client Relationship Summary (CRS Form) Checklist
Introduction Description of relationships and offered services A statement of the applicable conduct standard associated with the services Fees and Costs A Comparison of BD and RIA services for firms...Read More
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.
What is the Best Interest, Anyway?
The devil’s in the details. DOL’s Fiduciary Rule Standard Reg-BI expands on FINRA’s Suitability Standard Best Interest according to a financial lawyer The devil’s in the details. Many of the...Read More
Hidden opportunities in the Reg BI
Key elements of the Reg BI Adopt a financial literacy focus Simple solutions sell Free trading, differences in generational marketing, and economic challenges are significantly changing the Financial Services Industry....Read More