Advicent firmly believes that internal processes — coupled with a robust, well-positioned financial planning software — can greatly reduce the risk of noncompliance.
We have identified eight unique functionalities that can be leveraged to meet the compliance expectations and fiduciary standards set forth by the Conflict of Interest rule from the DOL.
Trust remains one of the biggest reasons investors pick their advisor. There are many smart, engaged, and honest advisors; however, a small fraction make headlines for the wrong reasons. Thus, the DOL rule seeks to tighten the definition of an advisor’s fiduciary standard, which will increase the responsibility of the advisor to act in the best interest of the client.
In this video, Shawn Preisler, regional sales manager at Advicent, discusses the impacts of the DOL rule on the financial services industry, as well as how the Advicent product suite can help advisors meet the fiduciary standard established by the DOL rule, all the while building trust within the client-advisor relationship.
Technology has the financial services industry evolving faster than ever. That is why our team of thought leaders are dedicated to providing informed resources to keep you in step with your competition in town and online.
Since the DOL ruling earlier this year, various members of our team have shared their thoughts on the legislation's impact on the industry. You can find some of these recent articles in the links below.
Advisors and clients today have equal access to information, making it more important than ever for advisors to have open communication with their clients. Narrator Clients provides this transparency and offers a platform for fostering collaboration, building trust, and improving client retention in the process. Empower your clients so they are confident with their financial future.