Regulations That Will Soon Impact ETFs

Your Fiduciary Role Will Be Taken Seriously  

There are three key pieces of regulations out there that our research team is monitoring right now:

  • The SEC liquidity rule,
  • the SEC derivatives rule
  • and the DOL fiduciary rule.

Many advisors don’t think this last one, the fiduciary rule will impact their business. In our opinion, they are mistaken.

Here are the 5 key takeaways that we see impacting financial advisors.

1. IT IS COMING SOON
Your Processes need to be in place by April 2017

2. EVERYTHING MUST BE DOCUMENTED
This will be the greatest impact in advisors’s operations

3. IT APPLIES TO ALL ACCOUNTS
Although regulations point at ERISA accounts, it will be almost impossible to avoid applying it to all

4. FEES, FEES, FEES
Although it is all about fees, it is also about ESG and finding Smart Investments

5. ENFORCEMENT?
It will be the hardest one. It will come from clients.