IS THE COMPLIANCE SAFETY NET OBSOLETE?

If the goal of compliance practices is to keep advisors out of trouble, the job just got a lot harder. As firms seek a course of action after the Fiduciary Rule, the problem of compliance becomes exponentially more difficult. Compliance based on processing orders is not remotely capable of protecting anyone from what happens before the order is even received. Complex pre-order procedures and practices may go unsupervised without rethinking how compliance is achieved. Michael Kitces shares his views on the inadequacy of compliance that exists today...

About Lou Harvey

Louis S. Harvey
President & CEO

Founder and leader of DALBAR, Lou Harvey is relentless in the search for the forces that are shaping the world of financial services today, tomorrow and for years hence. Using Dalbar’s research capabilities, Lou Harvey seeks insights from inside and outside the industry to understand and anticipate changes in customers’ needs and the ways products are distributed.