Boosting Fintech Efficiency: How Training Can Streamline Your Processes
June 12th, 2024 | Robert Batt, Client Success Manager, CapitalROCK In the past, a financial professional typically included someone who hung out a shingle, received their respective licenses and/or accreditations, and sat across the table from their clients holding their yellow pad and massive 10 key adding machine. During my 25 plus years in the […]
Compliance Software Integration Best Practices: How to Drive Adoption and ROI
June 11th, 2024 | Brian Hendricks, Chief Operating Officer, CapitalROCK Non-integrated software is like buying a bathtub and filling and draining it with a bucket! Placement and integration of a software package are key to utilization and success. If you fail to integrate well, you may have destined the software to failure. A Little History […]
Amended PTE 84-24: Impact on Producers, Carriers, and Intermediaries
May 8th, 2024 | Tyson Crane, VP of Product Mangement, CapitalROCK On April 25th, 2024, the Department of Labor published its final version of the Retirement Security Rule and the related exemptions to the Federal Register. The regulation defines what constitutes fiduciary investment advice and the necessary requirements to find relief under available prohibited transaction exemptions […]
The Reg BI Care Obligation: A Reoccurring Exam Priority
April 26th, 2024 | Jay McCready, Business Development, CapitalROCK Regulation Best Interest (Reg BI) was adopted by the Securities and Exchange Commission on June 5, 2019. The intent was to institute a “best interest” standard for recommendations to retail customers by broker-dealers. As we have come to learn, there are four key obligations that comprise […]
Annuities: A Vital Piece of a Balanced Retirement Portfolio
April 1st, 2024 | Scott Miller, Product Manager, CapitalROCK Let’s start with a discussion about what income is available in retirement and what are the different funding sources, followed by a case study and an in-depth discussion of how Annuities can provide essential income during retirement. In 1975 there were 311,094 total Pension Plans that […]
Reg BI: How to Choose Reasonably Available Alternatives
January 22nd, 2024 | Jared Lorenz, Product Manager, CapitalROCK During a recent national compliance conference, I attended multiple sessions on reasonably available alternatives (RAAs). I found it interesting how, after a long presentation from the panelists on some high-level information regarding reasonably available alternatives, each Q&A session was bombarded by questions from confused firms wanting […]
Fiduciary or not a Fiduciary? Show your work in the PTE 2020-02 Retrospective Review
January 22nd, 2024 | Hayden Galloway, Product Manager, CapitalROCK The Department of Labor is still deciding, again, on the scope of transactions financial institutions and their representatives qualify as acting financial advice fiduciaries. The status quo is currently changing this year and will likely continue to be in flux. Currently, PTE 2020-02 is the most widely used […]
The Reg BI Care Component: Bringing Application to the SEC’s FAQs
January 22nd, 2024 | Connor Thomas, Vice President Of Business Development, CapitalROCK When Reg BI came into effect on June 30, 2020, many broker-dealers were not ready. Among the crowd that thought they were ready, most would tell you that after their first few exams, they still had some work to do. We heard from […]
Decoding the DOL’s New Retirement Security Rule
January 22nd, 2024 | Robert Batt, Client Success Manager, CapitalROCK The most recent proposal from the U.S. Department of Labor (DOL) issued on October 31, 2023, is another step to define and refine the concept of “who is an investment advice fiduciary under the Employee Retirement Income Security Act (ERISA)” (1). The DOL’s stated purpose […]
How RightBRIDGE Tackles Regulations in a Dynamic Regulatory Landscape
January 22nd, 2024 | Jay McCready, Business Development, CapitalROCK Do you feel like the Financial Industry’s regulatory environment is increasingly changing? It certainly feels like it. Especially, when considering legislation involving suitability, consumer protection, and best interest compliance within the last few years. With so many rules to comply with like: NY Regulation 187, the […]
