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Reg BI

The SEC’s Regulation Best Interest (Reg BI) requires financial professionals to not only act in their client’s best interest, but must also “show their work” and show why they are making their recommendation. RightBRIDGE® makes the heavy lifting of validating and documentating simple.

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Considering Liquidity and Guarantees, the response is: Desires a balance between guarantees and liquidity

The purpose of Life Insurance is to provide specific guarantees. Access to funds may be provided in the form of a loan against cash value.

The client would likely benefit from additional life insurance holdings

Given the client’s current income of $111,111, it is recommended the client own roughly $2,222,220 of life insurance. Given current life insurance holdings of $0, the client should consider purchasing additional life insurance.

The stated risk tolerance is: Moderate

Life Insurance is appropriate for all risk tolerance levels when considering survivor needs. When considering other insurance purposes such as retirement savings it is normally considered a conservative solution.

Showing Your Work with RightBRIDGE®

Product Profiler icon Product Profiler® Annuity Wizard icon Annuity Wizard Investment Wizard icon Investment Wizard®
Validation Tools

Product Validation Tools

RightBRIDGE® has 3 modules that have been configured specifically for Reg BI. The Product Profiler® provides account and product validation for both product category and account type. The Investment Wizard® provides product validation for specific investment products and investment platforms. The Investment Wizard® also offers a fast track Fund Validation component that will compare a selected mutual fund with up to 4 reasonably available alternatives. The RightBRIDGE® Annuity Wizard validates a specific annuity for purchase or exchange complete with a comparison of up to 4 reasonable alternatives.

Considering Liquidity and Guarantees, the response is: Desires a balance between guarantees and liquidity

The purpose of Life Insurance is to provide specific guarantees. Access to funds may be provided in the form of a loan against cash value.

The client would likely benefit from additional life insurance holdings

Given the client’s current income of $111,111, it is recommended the client own roughly $2,222,220 of life insurance. Given current life insurance holdings of $0, the client should consider purchasing additional life insurance.

The stated risk tolerance is: Moderate

Life Insurance is appropriate for all risk tolerance levels when considering survivor needs. When considering other insurance purposes such as retirement savings it is normally considered a conservative solution.

ReasonText

ReasonText® Shows Your Work

RightBRIDGE® tools use a smart questionnaire to capture critical case data and customer preferences. This data is then mapped to the product type recommendation and compared to the firm’s specific best interest requirements. The results of the best interest analysis are then described with ReasonText®.

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Show Your Work with RightBRIDGE

Ready to simplify Reg BI compliance?

Schedule a demo to see how RightBRIDGE® makes validating and documenting best interest recommendations simple.

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