New Workshop: Serving your Clients With Fiduciary Compliance

If you are an advisor working with qualified plans and IRAs, you do not want to miss NAIFA’s Skill Builders Series Workshop, “Serving your Clients with Fiduciary Compliance.” This four-hour course will give you the information and training you need to succeed in today’s complex regulatory environment.

By now, you have heard of the DOL’s new fiduciary rule, which will greatly impact your practice and your clients. The rule fills more than 1,000 pages and creates complicated requirements and restrictions. By attending the DOL Workshop, you will understand the rule’s requirements and restrictions, develop strategies to implement the rule within your practice, and become compliant while serving the needs of your clients.

Learning objectives

When you complete the course, you will:

• Understand the DOL objectives as well as the details of the new rule as they affect advisors and financial institutions. You will know your fiduciary duties and obligations under a best interest standard when dealing with your clients, and you will ensure that your compensation is reasonable and conflicts are disclosed.
• Define a decision-making process that provides clear guidance to practical, readily identifiable, and easily adaptable steps to satisfy the requirements of the DOL fiduciary rule.
• Identify the stewardship attributes essential to understanding your role as a fiduciary.
• Learn best practices and skills associated with a procedurally prudent investment process.
  Overview of the program

The “Serving your Clients with Fiduciary Compliance” workshop will teach you how to define your roles and responsibilities as fiduciaries. It will also explain specific provisions in the rule, including the Best Interest Contract (BIC) Exemption and Prohibited Transaction Exemption (PTE) 84-24 requirements.

Using case studies and interactive exercises, the course will provide strategies and tactics for identifying your clients’ goals, objectives, risk tolerance, time horizons, expected outcomes and other details necessary to comply with the rule. The workshop will also help you develop client-stewardship attributes required of fiduciary advisors.

Structure and cost

This DOL Workshop is a four-hour program delivered in a live classroom format that includes lecture, case studies, and interactive participant exercises. The cost of the program is $195 for NAIFA members and $295 for non-members. Included in this fee is free access to monthly live chat sessions with NAIFA Government Relations experts during which you may pose questions about the rule and how it affects your practice.

For information about a DOL Workshop in your area, contact your State or Local NAIFA Association.

Ayo Mseka
Editor-in-Chief