DOL Rule Action Plan for BDs & RIAs

Broker-Dealers and Registered Investment Advisor firms are concerned about the new DOL Fiduciary Rule change, leaving many firms uncertain where to begin and when to start.

As any experienced compliance officer can tell you, planning ahead will be key in making a smooth transition to the new standard.  We firmly suggest planning ahead by preparing your staff and stakeholders as well as third party service providers.  Client accounts will need to be analyzed to determine how they will be impacted by the change, if at all. New marketing materials and disclosure forms will need to be developed. Suffice it to say, it is a lot of work. 

RND Resources is here to assist you all the way. Read our action plan for tips and ideas on how to handle important steps in making the transition to DOL Fiduciary standards.

  • Our 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….

We’re here to help. 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. Feel free to reach out to us for support or a quote on outsourcing the task of bringing your firm up to the April 2016 DOL Fiduciary Rule Standard.

As a compliance consulting firm, RND Resources 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 such as the DOL rule change. 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, or any other compliance support needs.

Read our company brochure for more details

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