Broker-Dealers and Registered Investment Advisor firms are in need of an action plan to implement the DOL Fiduciary Rule change. As any experienced compliance officer can tell you, planning ahead will be key in making a smooth transition to the new standard. For this reason RND Resources put together a practical plan for small to mid-size BD and RIA firms to understand the DOL rule change and implement steps to meet the new compliance requirement.
The presentation will help BDs and RIAs to understand
- Which products are affected by the DOL Fiduciary Rule of April 2016
- Developing an action plan to get ahead of the DOL change before it is mandatory
- Ways to gain a competitive advantage by implementing the DOL rule change early
- The difference between Level Fee and Non-Level Fee transactions and how to transition commission based products
- Determining when to use Transactional BIC versus Contracted BIC exemptions, and more….
If you’re starting a new BD or RIA, adopting the DOL
Fiduciary standard is key to growing your business in the Senior and Retirement
investor marketplace. Start out by setting up products and marketing material
along with policies and procedures that drive advisers toward retirement
related standards. This will help place your new firm ahead of established firms
struggling to change.
RND Resources is a compliance consulting firm that assists
new firms with formation and registration. Our professional staff also works with
established firms that need on-going compliance support. We are able to
generate customized policy and procedure updates so firms can quickly adjust to
changes in regulatory requirement and products. We also provide on-going
compliance support and report filing services on a monthly, annual, or interim
basis. Call us for more information about training staff and implementing policy
for the DOL Fiduciary rule change.
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