Why a solid succession plan is in your client’s best interest

As a financial advisor, it is part of your job to protect clients from disruptions to your business for one simple reason – it introduces risk that is not in their best interest. Risk that you can and must mitigate for them, by putting in place a comprehensive succession plan, with clear rules as to how and when it kicks in.

Hope is Not a Strategy with the DOL Fiduciary Rule

The regulatory future in the financial industry became less certain with the election of a new administration. However, preparing your firm to be compliant with the DOL Fiduciary Rule is still the best strategy to manage risk and capture the opportunities and benefits of market leadership. The DOL Fiduciary Rule goes into effect on April […]

Defining Reasonable Comp: 3 Mistakes to Avoid

Reasonable Compensation – a key element of the DOL Fiduciary Rule – is unclear, complicated and time consuming. And it’s a ticking time bomb for firms and advisors that approach it poorly. The Department of Labor has left it up to the investments industry to sort out how to implement a Reasonable Compensation approach – […]

DOL Readiness Lifeline for Broker-Dealers launched by Xtiva

Broker-dealers can leverage new programs to assess, prepare for and implement the DOL Rule New York, NY. – November 3, 2016 — Xtiva Financial Systems, announces the launch of a suite of programs focused on helping investment firms ensure their readiness for the new DOL regulations. Developed by Collaborative Solutions Group (CSG) – a full […]

Broker-Dealers Get DOL Help from Xtiva with BDComp-Check Program

33-Point review of broker-dealer advisor compensation to align with Best Interest goals NEW YORK, NY (PRWEB) OCTOBER 26, 2016 Xtiva Financial Systems, announces the launch of its exclusive BDComp-Check Program for investment firms. The BDComp-Check Program is a 33 point assessment of a broker-dealer’s incentive compensation program to assist in ensuring the firm is prepared […]

The DOL Fiduciary Rule Could be a Gift

The DOL Fiduciary Rule means big change. Despite years of consultation, and now fully six months after the announcement of the DOL Rule, we are still figuring out the magnitude of that change. What we absolutely know to be true, is that the ground zero for these changes, will be advisors and their practices. One […]

The DOL & Advisor Practices: Hard Questions Advisors will Ask

Part 2 in our series examining the implications of the US Department of Labor’s ‘Fiduciary Rule’. The ‘DOL’ is a game changer. Like most, we believe that the DOL Rule will be among the most material factors to impact the industry in the past 3 decades. Advisor conduct, customer interaction, pricing, compensation, supervision, technology… all […]

The DOL and Sales Performance Management

The ‘DOL’ is a game changer. We just aren’t sure which game it is changing… yet. Like most, we believe that the DOL rule will be among the most material factors to impact the industry in the past 3 decades. However, unlike some, we believe the impact will be a balance of very near-term ‘fix/change […]