Beginning June 9, 2017, all advisors and financial institutions providing investment advice must comply with the Impartial Conduct Standards of the Department of Labor’s (DOL) Fiduciary Rule, which includes the requirement to only provide advice that is in the Best Interest of a retirement investor (Please review the DOL FAQs for more detailed information regarding the applicability and enforcement dates of certain requirements under the rule).
At Envestnet, we are committed to powering the future of advice. Our comprehensive fiduciary compliance solutions are here to help you stay ahead of the curve and capitalize on the fiduciary opportunity to provide a higher standard of care that clients are increasingly expecting.
Introducing Envestnet’s Fiduciary Desktop, a new set of compliance tools that are integrated into the proposal process to help you meet the new requirements in a seamless, streamlined workflow. The Fiduciary Desktop is highly customizable and you are free to pick and choose the right tools that fit your specific business needs.
In this paper we will explore these industry dynamics and how successful advisors of the future will evolve their value proposition from making investment product recommendations to meeting the digital expectations of the consumer while also engaging clients in a more comprehensive conversation about the important goals and aspirations they have for their wealth— delivering a lifecycle of advice. This unique industry inflexion point is what we see as the Fiduciary Opportunity.
Turn Compliance Challenges into Business Opportunities
Advisors plan to implement higher standard of care regardless of regulatory uncertainty. View the infographic
Advanced Technology Integration - Turbocharging Productivity
How do advisors benefit for advanced technology integration? View the infographic
Enhancing the Advisor's Value Proposition
Ten ways to become an essential advisor. View the infographic
Enhancing the Lifecycle of Advice
Using advanced technology to improve onboarding and create a better client experience. View the infographic
The fiduciary standard aligns interests of the advisor and the client. The advisor must give best interest advice—prudent advice that is based on investment objectives, risk tolerance, financial circumstances, and the needs of the client. With the Envestnet platform capabilities well-positioned for a fiduciary environment, we are ready to help you through this change to not only comply with the rule, but to thrive under the rule and potentially take market share.
A discussion about how the fiduciary rule's June 9 compliance date may affect business with a demonstration of Envestnet’s fiduciary solutions.
Webinar Date: 5/25/17
A discussion about the impacts and opportunities resulting from the final DOL fiduciary rule.
Webinar Date: 4/28/16
A discussion about the potential impacts and opportunities resulting from the proposed DOL fiduciary rule.
Webinar Date: 3/22/16