Regal Holdings meets Reg BI compliance
For 20 years, independent broker-dealer Regal Financial Group (Regal) of Kentwood, Michigan has been dedicated to providing a full range of services for financial advisors and clients alike. As specialists in retirement planning, investment management, and multi-generational planning, Regal believes a client’s trust should be placed in the hands of knowledgeable and qualified experts.
Like many financial advisory firms, Regal was challenged with meeting compliance requirements for Regulation Best Interest with a remote workforce due to COVID-19. Regal understood that the only way to quickly and efficiently overcome these challenges was by embracing technology. As Bill Best, COO of Regal stated, “Meeting Reg BI compliance with a remote workforce of advisors is only possible by using technology.”
Meeting the Care and Disclosure Obligations of Regulation Best Interest
To help Regal’s advisors and associated persons meet Reg BI’s Care and Disclosure obligations, Regal deployed InvestorCOM PeerCompare to digitally compare ‘reasonably available alternatives’ when making investment recommendations.
Regal is also using InvestorCOM ComplianceExpress to digitally deliver their investment recommendations, along with other key disclosures such as Form CRS to their clients, while maintaining individualized and firm-wide records of all client disclosures.
Meeting the Care Obligation of Regulation Best Interest
Meeting the Disclosure Obligation of Regulation Best Interest
Meeting compliance with a remote workforce due to COVID-19
Identify and select Reasonably Available Alternatives with PeerCompare
Manage the disclosure and e-Delivery with Compliance Express