Don’t Snooze on Com­pli­ance Is­sues

Financial Planning - - FINANCIAL-PLANNING.COM -

Reg­u­la­tory over­sight has steadily in­creased since the fi­nan­cial cri­sis and ad­vi­sors should only ex­pect the su­per­vi­sion to grow, says com­pli­ance con­sul­tant Todd Cip­per­man. Wealth man­age­ment firms should spend at least 5% of their rev­enue stay­ing up to date with new reg­u­la­tions, he sug­gests. Even though the fidu­ciary rule has been de­layed, ad­vi­sors won’t be o the com­pli­ance hook any­time soon, he says. See our slideshow:­bqc

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