CEFEX is hosting this webinar to to examine the Department Of Labor’s Impartial Conduct Standards. The webinar will highlight what Blaine F. Aikin, Executive Chairman, CEFEX, calls the “key to compliance” with the Department of Labor’s Fiduciary Rule – conformity to Impartial Conduct Standards. The webinar will feature C. Frederick Reish, Partner Drinker Biddle & Reath, who guided the CEFEX assessment methodology, along with Mr. Aikin.
It’s a lock – the DOL’s expanded definition of fiduciary advice is in place. If you provide personalized advice on retirement assets, you must meet the Fiduciary Rule’s central obligations to properly manage conflicts of interest and serve beneficiaries’ best interests. The key to compliance is fulfilment of the principles embodied in the DOL’s Impartial Conduct Standards (ICS) obligation. The odds of this essential component of the rule being rolled back are slim. In fact, the SEC is likely to impose a comparable obligation when the Commission rolls-out its own fiduciary rule (which we expect to happen this year).
Now you can be confident that you hold the key to compliance by verifying conformity to the DOL’s ICS obligation and associated principles. CEFEX has just announced that certification has been enhanced with a legal opinion letter by the law firm Drinker, Biddle & Reath affirming that firms achieving certification have demonstrated processes that conform to the DOL’s ICS requirements.
This session will review the DOL’s specific ICS requirements, explain how those requirements are assessed by CEFEX, and answer your questions about CEFEX certification and this important approach to promoting fiduciary excellence, mitigating regulatory and litigation risks, and distinguishing your firm in the competitive marketplace.
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