Last week, Adam, InvestorCOMโs 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 Commissionโs telegraphed focus on Regulation Best Interest violations, particularly the treatment of complex products. But the agency threw a fastball at the end of Octoberโwhen 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 todayโs 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 ๐๐๐ญ๐ข๐ฏ๐ ๐๐๐๐จ๐ซ๐ ๐๐๐๐ฉ๐ข๐ง๐ and ๐๐๐๐ ๐๐๐ฉ๐จ๐ฌ๐ข๐ญ๐จ๐ซ๐ฒ, 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, weโll 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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By David Reeve The โgrow or dieโ mantra affects every industry, including wealth management. Over the past decade, both organic and inorganic growth has been robust, with market performance at record levels and high levels of mergers-and-acquisitions activity. However, over the past few years, wealth firms have been challenged to deliver organic growth rates above […]
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Since the advent of Regulation Best Interest (Reg BI) in 2020 wealth firms have seen increased scrutiny in their regulatory examinations. This year proves no different, with a heightened focus on firmsโ compliance with Reg BI and their ability to illustrate how they are acting in the best interests of their investors . Anecdotally, one […]
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In the fast-paced world of financial services, staying compliant with regulations while ensuring the best outcomes for clients can be challenging. One of the key regulatory requirements is the retrospective review process, particularly in the context of rollover activities. This is where InvestorCOM’s Compliance Dashboard becomes an invaluable tool, providing comprehensive insights and actionable data […]
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The Department of Labor’s fiduciary rule has been a hot topic in the financial industry, causing what some have dubbed “Fiduciary Rule Mania.” With recent court cases stemming potential regulatory changes, uncertainty looms large for those navigating the complexities of compliance. In a recent discussion, industry leaders shared their insights on how to best navigate […]
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