What the New Administration Means for Wealth Management The incoming administration, armed with a deregulatory mandate, promises to rewrite the rulebook for regulators and agencies. For wealth firms, this is both a challenge and an opportunity to navigate the evolving landscape of oversight. At the heart of these changes is Paul Atkins, President Trump’s likely […]
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The incoming administration, led by President-elect Donald Trump, will take office in January 2025. As with any transition of power, the industry anticipates policy changes to follow. At InvestorCOM’s recent webinar, wealth industry experts explored anticipated changes to regulatory frameworks, enforcement strategies, and compliance best practices under the new administration. Below are the key takeaways: […]
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by Craig Watanabe No one knows the future; however, anticipating possible change is advantageous. The definition of “proactive” is acting in anticipation of future events, so anticipating future changes is critical in being proactive. However, being proactive is not always best, and there are times when being reactive is better. Against this backdrop, this […]
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By David Reeve Engage younger investors on their terms With the pending intergenerational wealth transfer, financial advisors are transforming their investor engagement practices. The opportunity is enormous: in Canada, $1 trillion is set to move from Canadian baby boomers to their gen-X and millennial heirs during the decade ending in 2026, ISS Market Intelligence forecasts. […]
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Last week, Adam, InvestorCOM’s Head of Customer Success, attended the 2024 Conduct, Compliance, and Legal Advisory Section (CCLS) Education Sub-Committee Annual Conference in Toronto. This conference provided valuable insights into the latest advancements in compliance, regulatory updates, and technological innovations shaping the financial services industry. Below are the key highlights from the event: Opening […]
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Advisory firms have spent a copious amount of time this year preparing for the Securities and Exchange Commission’s telegraphed focus on Regulation Best Interest violations, particularly the treatment of complex products. But the agency threw a fastball at the end of October—when it hit JP Morgan affiliates for a litany of infractions, including failing to […]
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Across North America, Regulation Best Interest (Reg BI) and Client Focused Reforms (CFRs), were designed to place investors’ interests at the forefront of financial decision-making. While its goals are laudable, its implications for wealth management firms have sparked a challenging but necessary transformation. Financial advisors and firms, long accustomed to managing client relationships and executing […]
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In today’s stringent regulatory environment, maintaining accurate and accessible compliance records is paramount. FINRA’s recent enforcement actions underscore the serious consequences of disparate record management, particularly when rollover data is deleted or mishandled. InvestorCOM provides industry-leading solutions for secure and compliant record retention of rollover recommendations. With RolloverAnalyzer‘s 𝐍𝐚𝐭𝐢𝐯𝐞 𝐑𝐞𝐜𝐨𝐫𝐝 𝐊𝐞𝐞𝐩𝐢𝐧𝐠 and 𝐖𝐎𝐑𝐌 𝐑𝐞𝐩𝐨𝐬𝐢𝐭𝐨𝐫𝐲, your […]
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The Securities and Exchange Commission (SEC) announced its exam priorities for 2025, signaling a continued focus on investment advisors, broker-dealers, and Regulation Best Interest (Reg BI). This was later summarized in a FA magazine blog. In this blog, we’ll highlight the key areas the SEC plans to scrutinize and solutions designed to support firms in […]
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Navigating Regulatory Exams in the Best Interest Era The financial industry is constantly evolving, particularly with the introduction of new regulatory requirements. In a recent InvestorCOM webinar, industry experts gathered to share their insights on navigating regulatory exams in the context of the Best Interest (BI) era. This panel explored recent enforcement trends, compliance strategies, […]
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