Given the winds of political change and the SEC’s October 26 roundtable on Regulation Best Interest, regulatory and industry experts from Scopus Financial Group and Celent provide an insightful conversation on: The macro outlook: The impact of political change on Reg BI and the wealth management industry Industry responses to Reg BI and common […]
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The recent pressures of the COVID-19 pandemic, combined with growing investor demand for digital communication, have caused financial industry participants to advocate that the SEC shift the default delivery framework for investor communications from paper delivery to electronic delivery. Although the SEC has yet to make that shift, the agency nevertheless permits broker-dealers and investment […]
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With Reg BI now in effect, broker-dealers have taken steps to achieve varying degrees of compliance. While there has been ample time and regulatory guidance to mitigate implementation challenges, sustained compliance with Reg BI raises a host of questions. The SEC has stated that good faith efforts to comply will be recognized. However, as the […]
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Broker-dealers have known about the pending Reg BI deadline since June 2019. While the Coronavirus pandemic and pending Reg BI lawsuits have created speed bumps, the main question remains: How can broker-dealers demonstrate they are acting in the best interest of retail clients when making investment recommendations? In this 45-minute webinar, industry experts from Morningstar, […]
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Dealers need to monitor the ever-changing landscape of investment products on their shelf. However satisfying current KYP requirements in a product universe with thousands of changes every week is difficult. And those requirements are increasing. Sign up to hear industry experts from Assante Wealth Management, Manulife Securities, TD Wealth and InvestorCOM discuss the challenges and best […]
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In response to COVID-19, organizations around the world have asked employees to self-isolate and work from home for the foreseeable future. In our industry, dealer compliance teams are working virtually to provide advice and service to their clients. With the Reg BI deadline fast approaching, firms now face a bigger challenge: meeting compliance with […]
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With the Reg BI compliance deadline looming, the regulators are shifting from expecting a “Bulletproof” Regulation Best Interest (Reg BI) process by June 30, to making “Good Faith” and reasonable efforts to ensure the principles of the regulation are in place. Tito Pombra from Adviser Compliance Consulting Inc., is an expert in good faith compliance. […]
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On June 4th, we hosted our third annual client conference. It was a day of networking, keynote presentations and interactive panel discussions exploring our conference theme, Financial Services 2030, through 3 perspectives: Digitization & Technology Trends – how will existing and new technology change the landscape in 2030? The “new client” – the largest intergenerational wealth transfer […]
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On February 28 2019, InvestorCOM hosted a client discussion on the pending regulation – Client Focused Reforms. We convened 25 of the industry’s leaders representing Investment Dealers, Asset Managers, Regulators and Legal Experts. The agenda of the discussion started with an update from the CSA, followed by a general discussion on KYC/KYP and concluded with […]
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InvestorCOM is hosting a Client Forum to discuss Client Focused Reforms on February 28 th . It will be a small group of senior Financial Services compliance professionals representing all the major dealers (banks, insurance, and independent). As a partner delivering compliance solutions, InvestorCOM has a history of working with industry leaders and creating innovative […]
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