Meeting a Fiduciary Standard for Advice

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9 March 2017
Toronto, Ontario

The Department of Labor (DoL) fiduciary rule applies a fiduciary standard to investment recommendations made under the Employee Retirement Income Security Act (ERISA). The higher bar for financial advice replaces the existing suitability standard, and requires financial advisors (FAs) to demonstrate that their recommendations are in their customer’s “best interest.”

Technology is critical to helping advisors meet this standard, while reducing administrative burden and improving customer experience. While there is uncertainty about the rule’s future under the new administration, most firms are opting to move forward with DoL implementation given customer expectations and a broad industry shift to fee based advice.

Join Will Trout of Celent and Bryan Sachdeva of NexJ Systems as they discuss the fiduciary standard, its implications, and customer-centric technology solutions for meeting these new requirements. This webinar will focus on:

  • The industry shift to a goals-based, customer-centric focus on advice
  • Understanding the DoL fiduciary rule and its key requirements
  • Workflow automation and data management strategies that align advisor behaviors with client and regulatory requirements
  • Evidence-based approaches to justifying investment recommendations, and a case study of how a leading US wealth management firm is meeting the rule

Event details

Sector
Securities & Investments, Wealth Management
Location
North America