Holistic Advice and Best Interest
Holistic Advice and Best Interest:
A continuation of the virtual study group on developing holistic advisors
Thursday, September 10, 2020
3:30–5:00 p.m. Eastern
Reg BI requires advisors to demonstrate that the advice they provide is in the client’s best interest. This principle is core to the holistic advice model but how does the advisor transitioning to holistic advice navigate the choppy waters of investment product innovation, and document that the investments selected with the client align with the client’s objectives and the advice provided. Can technology make this easier for the advisor?
This segment of the ongoing virtual conversation on developing holistic advisors explores:
- Assessing the client’s risk profile
- Documenting the basis for product selection within that allocation
- Evaluating rollover opportunities in a Reg BI environment
- Capital market assumptions
- Compliance review of plans
- CFPs and Reg BI
Given the continuing concerns about travel, and the awkwardness of convening a roundtable discussion while maintaining social distancing, we are reimagining our Holistic Advisor Study Group as a series of virtual meetings over the next several weeks.
This complimentary study group would not be possible without the support of our sponsors. We acknowledge these organizations for their thought leadership and support.