Whether or not to roll over retirement savings from an employer-sponsored plan is one of the most important financial decisions an investor will make in his or her lifetime. When an investor rolls over an employer-sponsored retirement plan into an individual retirement account (IRA), the financial professional stands to benefit. To ensure rollover recommendations are […]
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International Awards Program Recognizes Outstanding Financial Technology Products and Companies TORONTO – March 17, 2022 – InvestorCOM, a leading regulatory software provider to the wealth management industry, today announced that it has been named “Best RegTech Platform” in the sixth annual FinTech Breakthrough Awards program conducted by FinTech Breakthrough, an independent market intelligence organization that […]
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Wealth management has traditionally lagged other industries in terms of digital adoption, with most investments focused on the back office. The pandemic altered this trend, but is tech acceleration fast enough? When Canadian financial services professionals were asked to grade their firms’ digital transformation efforts in 2021, 53% of respondents gave their firms an A […]
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ON-DEMAND WEBINAR In February, FINRA published its 2022 Report on Examination and Risk Monitoring Program. With 2021 marking the first full year of Reg BI examinations, the FINRA Report highlights that firms can do more in meeting their Reg BI obligations. Some of the Report’s most notable findings are related to compliance with the […]
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Two major regulatory changes are currently bearing down on financial professionals and broker-dealers. Regulation Best Interest (Reg BI) came into effect on June 30, 2020, requiring that broker-dealers and financial professionals ensure their recommendations are in a client’s best interest. This means evaluating recommendations based on cost, risk and return factors; considering reasonable alternatives; disclosing […]
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With SEC examinations ramping up and PTE 2020-02 deadline around the corner, we invited Issa Hanna from Eversheds Sutherland and John Carl from Retirement Learning Center to share their observations regarding Reg BI examinations and enforcement and what firms and financial professionals can do to mitigate risk. == Parham Nasseri (PN): What were the biggest […]
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Today, FINRA published the 2022 Report on FINRA’s Examination and Risk Monitoring Program. For firms that are impacted by Regulation Best Interest (Reg BI), this regulatory report is certainly insightful. It addresses over 20 regulatory areas, adding new topics including Reg BI exam findings and effective practices. Since 2020, InvestorCOM has been helping wealth management […]
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ON-DEMAND WEBINAR It’s been just over a month since Client Focused Reforms (CFR) came into effect. In our conversations with dealers, the vast majority have met the KYP requirements by deploying technology or meeting the requirements manually, while some have adopted a ‘wait and see’ approach. Join us on February 17 to hear industry experts […]
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Wondering how the new DOL PTE 2020-02 requirements apply to investment advisers already acting as fiduciaries? Read on. On January 31, the U.S. Department of Labor (DOL) will start enforcing Prohibited Transaction Exemption (PTE) 2020-02, the new rule for investment advice fiduciaries concerning the rollover and retirement plan advice they provide. Later this year, on June 30, the DOL will start enforcing the documentation and disclosure requirements […]
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InvestorCOM is named a Top Regional Employer in the Hamilton-Niagara Region for the fifth year in a row. Brantford, ON, January 11, 2022 – InvestorCOM, a leading regulatory software provider to the wealth management industry, today announced the company has been named one of Hamilton-Niagara’s Top Employers for 2022. This marks InvestorCOM’s fifth year winning […]
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