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Implementation of Client Focused Reforms and Impact of Limited Product Shelves

On November 16, The Ontario Securities Commission (OSC) published its proposed Statement of Priorities for 2024-2025 year. One of the key priorities include the OSC’s focus on the implementation of the Client Focused Reforms (CFRs). The excerpt below highlights the details of the proposal, including the actions and planned outcomes by the OSC.

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Big data technology and data science illustration

AI has arrived in wealth management

I recently asked one of the leading GPT (generative pre-trained transformer) platforms how artificial intelligence (AI) is changing the wealth management industry.

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DOL Fiduciary Obligations & SEC Guidance

On October 31, 2023, the Department of Labor (DOL) proposed a new rule aimed at “Improving Investment Advice for Workers & Retirees”. InvestorCOM hosted a webinar, with the wealth industry’s most trusted and seasoned experts, to discuss this new proposal. Prior to the webinar, InvestorCOM asked our webinar attendees the following poll questions. Here are the results.

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DOL Proposes New Rule to Improve Investment Advice for Workers and Retirees

On October 31, 2023, the Department of Labor (DOL) proposed a new rule aimed at “Improving Investment Advice for Workers & Retirees”. This rule defines who is an investment advice fiduciary for purposes of the Employee Retirement Income Security Act (ERISA). The Department released proposed amendments to prohibited transaction exemptions (PTEs) available to investment advice […]

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NSCP 2023 Recap

The third week of October 2023 marked a momentous occasion for me. It was my first ever attendance at the National Society of Compliance Professionals conference, and I must say, it did not disappoint.

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SIFMA C&L Regional Seminar Charlotte

Event Summary: 2023 Charlotte Regional SIFMA C&L Regional Seminar

In the ever-evolving landscape of financial regulation and compliance, staying ahead of the curve is paramount for financial professionals and organizations alike. I attended the SIFMA C&L Regional Seminar in Charlotte this month where speakers and panelists discussed various crucial aspects. Here are a few key themes that emerged. Cybersecurity One of the primary areas […]

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Why Rollovers are Increasing 2.5x

Why Rollovers Are Increasing by 2.5X

It is no secret that rollovers from employer-sponsored plans are one of the greatest sources of assets flowing into retirement accounts, and a leading growth opportunity for advisors.  A study by LIMRA’s Secure Retirement Institute found that IRA rollovers are expected to grow to more than $760 billion annually over the next five years. Moreover, Cerulli’s 2022 […]

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SEC Staff Bulletin - Reasonably Available Alternatives, Costs & Documentation

SEC Staff Bulletin: Reasonably Available Alternatives, Costs & Documentation

Richard L Chen and Issa Hanna from Eversheds Sutherland met with InvestorCOM to discuss the SEC’s Guidance around assessing reasonably available alternatives, the consideration of costs, and whether firms need to document the evaluation of reasonably available alternatives. == Parham Nasseri [PN]: Richard, there is a specific call out in the Staff Bulletin: Standards of […]

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CSA/CIRO Notice on Firms

CSA/CIRO Notice on Firms’ Conflicts of Interest Practices

The Canadian Securities Administrators (CSA) and the Canadian Investment Regulatory Organization (CIRO) published a joint Staff Notice (31-363) on August  3, 2023 summarizing their review of firms’ Conflicts of Interest practices as it relates to the Client Focused Reforms. Of the 172 firms the CSA, IIROC and the MFDA reviewed, no deficiencies relating to conflicts […]

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