2 reasons to outsource your compliance
In 2011, Marc Berube bought another practice, and suddenly the 18-year MDRT member from Laval, Quebec, Canada, had twice as many advisors to manage. He needed help overseeing compliance work,...
Tag Archives: regulatory compliance
Lessons from a country emerging from economic crisis
The result of a financial crisis left Greece roughly $330 billion in debt. But financial advisors there believe that as their country begins to emerge from its disastrous decade, there...
How problems strengthen our business
By Rickson Joel D’Souza Businesses face challenges. Some of those, such as regulations, are not in our control. What’s is in our control, however, is our response. For me, challenges sharpen...
The value of preparing for regulations
If 16-year MDRT member Sanjay Tolani, Ph.D., MBA, of Dubai, United Arab Emirates, knew a near-bankruptcy was coming his way, he would have put different procedures in place to adjust for...
Anti-money laundering regulations’ financial impact on advisors
In a perfect world, you could take every client at their word. Every transaction involved in your practice, without any attention to detail, would be guaranteed to be spotless. It...
A regulatory environment provides a chance to lead your clients into the future
A group of competitive rowers encounters harsh ocean waves in their small boat. They cannot see where they are going, and without their team member guiding them from the back...
The unexpected clarity and comfort of a fee-based practice
When facing regulation, it can be easy to focus on what seem to be difficult changes and a wide variety of moving parts. In fact, adapting to a regulatory environment can...
The value of referrals and targeted marketing in a regulatory environment
Among the many possible impacts of regulation is the need to adjust your client base. So while compliance creates new context for who you do and do not work with,...
Develop a detailed process to maintain compliance
You’ve probably read numerous articles exhorting you to put a process in place to maintain compliance. The problem is, there are far fewer pieces about how you create a process....
How transparency-based compliance can help grow your business
The nature of regulation is that either you’ve experienced it or you likely will experience it. In the U.S., months and months of news, discussions and delays regarding the Department...
Don’t be a quitter; make a difference
By Mark S. Gaunya, GBA Mark S. Gaunya, GBA The financial services and insurance environments are becoming more and more heavily regulated. It can be frustrating, but it’s also an opportunity. There are...
6 ways to manage changes with clients and staff in the face of regulation
Once upon a time, a prospect might come through one of Daniel K. Charley’s financial planning workshops, say they were interested in an annuity they heard about, and the seven-year...
Embrace hardship and regulatory change with a positive attitude
By Gregory Warren Smith, CFP I have just told a client about difficulties I’ve been experiencing in my personal life. I was vulnerable and looking for comfort, maybe even pity. The...
6 actions to take during the Department of Labor’s fiduciary rule delay
Perhaps you hoped and thought that, by now, it would be clear what would happen and when regarding the U.S. Department of Labor’s fiduciary rule — created with the intent...
6 adjustments to help you comply with regulation
A lot of uncertainty remains with the U.S. Department of Labor’s fiduciary rule, intended to guarantee that all advisors act in the best interests of their clients. Steve Parrish, J.D.,...
