Investment Advice

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Retirement Investment Advice – Conflict of Interest Rule

 
The Fiduciary Supply Management Association, which is an IFLC program initiative, convened throughout 2016 a Working Group that considered how investment advisors’ business process management systems will need to change in order to support their compliance with the U.S. Department of Labor’s Conflict of Interest rule.

The Working Group developed a business model controls framework that standardizes compliance solutions for investment advisory firms. The framework addresses the use of computer models for delivering advice. The Working Group relied on its analysis of the Pension Protection Act of 2006, which addresses computer models from a regulatory viewpoint, and cyber security standards developed by the National Institute of Science and Technology.

This document is a free publication for IFLC’s members.

 
 

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