Fi360 Launches Fiduciary Focus Toolkit
planadviser.comNovember 11, 2016
The new Fiduciary Focus Toolkit from fi360 enables financial professionals to automate adviser workflow and improve oversight of fiduciary best practices.
With the emergence of the new Department of Labor (DOL) fiduciary rule, advisers and broker/dealers face novel challenges when creating investment policy statements and archiving the documentation required to meet the strict fiduciary standard.
To overcome these challenges, fi360 says its new Fiduciary Focus Toolkit “allows the home office to guide advisers as they adopt and create investment policy statements, investment watch-list criteria, client monitoring reports and other essential fiduciary-related activities.” According to the firm, the toolkit “accelerates compliance with the DOL rule by ensuring the monitoring and documentation of client accounts aligns with fiduciary best practices. Because these practices are built into the software, advisers can scale their businesses upon a fiduciary framework they can fully control and monitor.” Read More.
