How to Simplify the Best Interest Recommendations Requirement
Since 2020, North American regulators have required financial professionals to assess costs and reasonably available alternatives when making best interest recommendations. During this time, InvestorCOM has helped thousands of financial […]
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2023: The Year of Reg BI’s Care Obligation
Regulation Best Interest (Reg BI) came into effect on June 30, 2020. Since then, FINRA and the SEC’s Division of Examinations have been reviewing firms’ implementation and compliance practices throughout […]
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How to Determine Reasonably Available Alternatives
The Securities and Exchange Commission’s Best Interest Rule includes several mentions of the requirements and allowances for determining which investment products are considered reasonably available alternatives under Regulation Best Interest’s […]
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2022: A Year of Growth and Transformation
As 2022 draws to a close, it’s a wonderful time to reflect on key milestones in our company’s journey and share our plans for the path ahead in 2023. A […]
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Regulatory Compliance: How Manual Processes Impact the Home Office
A wealth industry poll taken by InvestorCOM on December 15, 2022, indicated that 63-73% of respondents have manual-based processes in place for making best interest recommendations for investment products (70%), […]
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The Bridge to a Hybrid Advisor
Despite the early threat of robo-advice disrupting the wealth industry, experts now align on the notion that technology will not displace the wealth advisor. The emergence of a hybrid model […]
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Q&A: DOL’s Fiduciary and Retrospective Review Expectations
InvestorCOM’s webinars provide an excellent forum in which to learn about the latest regulatory requirements from industry experts. Our November 1 webinar, “DOL’s Fiduciary and Retrospective Review Expectations”, featured industry […]
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Measuring the Impact of Reg BI’s Best Interest Requirement
Since coming into force on June 30, 2020, broker-dealers have struggled to define and demonstrate how Reg BI’s Care Obligation assessment of reasonably available alternatives (RAA) is improving client outcomes. […]
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PTE 2020-02: Recap and What We’ve Learned to Date
InvestorCOM recently chatted with David Porteous from Faegre Drinker, Mitchel C. Pahl from Katten, Craig Watanabe from DFPG Investments, and Ed Wegener from Oyster Consulting LLC to discuss the PTE […]
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