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The Department of Labor's Fiduciary the New Final Rule - Best Practices for Conducting a Due Diligence and Reviewing the Best Interest Contract Exemption

  • Training

  • 60 Minutes
  • Compliance Online
  • ID: 5974880
This 60-minute training session will provide a detailed overview of the Department of Labor’s Final Fiduciary Rule including the history and on-going resistance to the rule. The session will delve into details on how the rule was established and who it will be applied to. The webinar instructor will discuss the summary of the details of the new final rule and what firms must do to comply.

Why Should You Attend:

The Department of Labor’s Fiduciary Rule will change the way financial firms need to provide service to their clients. This will affect virtually all areas at some level. It’s important to ensure you understand the rule, the implications and way that firms will need to maintain systems in order to effectively meet the requirements of the current rule and learn how it may affect more than retirement accounts in the future.

This webinar will help gain an advantage in the ever evolving regulatory landscape of the financial services industry. It will discuss what might be next in the area of fiduciary responsibility in the financial industry and how that will affect the businesses that support and utilize the financial industry such as accountants, compliance and legal.

The webinar will address how the US Securities and Exchange Commission and the Department of Labor have different outlooks on conflicts of interest. The instructor will review the best practices of creating and reviewing the Best Interest Contract Exemption. A discussion on best practices for conducting a due diligence to ensure those providing advice are fiduciaries and how to determine if they are complying with the rule.

Areas Covered in the Webinar:

  • The history of ‘‘fiduciary’’; conflict of interest rule - retirement investment advice
  • The Department of Labor’s outline of the areas in finance that will be affected by the Final Fiduciary Rule
  • A comparison of the definitions of fiduciary
  • What is a non-fiduciary?
  • What it means to comply with the final rule
  • The Best Interest Contract Exemption

Who Will Benefit:

  • Audit, Compliance Personnel and Risk Managers
  • Operations Managers
  • Chief Operating Officers
  • CFOs, CEOs, Chief Legal Officers
  • Attorneys
  • Finance
  • Investment Managers/Portfolio Managers/Research Analyst
  • Compliance Consulting Firms
  • Client Service Managers

Course Provider

  • Lisa Marsden
  • Lisa Marsden,