With RegBI almost a year in the books, what are your firms requiring to meet the best interest requirements? Any comp changes? Additional disclosures?

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Posting as :
works at
You are currently posting as works at

It’s all about more and more disclosure. Basically when making any change now, you have to document discussion of all alternative recommendations. Fees/commissions involved. Investment objection and time horizon discussion. Basically what we were supposed to be doing anyway. Now the firm won’t approve anything with full thorough documentation.

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