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Following 20 years of regulation, the financial services profession has experienced significant change. For Vanderwolf and other producers willing to keep looking forward, success is still possible. Vanderwolf details some of the changes he has experienced and how he has adapted and rebuilt his business.
MDRT members from around the globe who have already encountered regulatory change shared their ideas for not only surviving but thriving in a new world. Here are their five steps for working through regulatory change.
In the U.K., commission disclosure in the 1990s was just the start of two decades of profession-changing regulation. Green shares how his career has changed, and a positive perspective about what he's gained.
Two MDRT members explain how their businesses are thriving in the aftermath of regulatory change in the United Kingdom.
New regulations in the United Arab Emirates requires change in processes.
David Braithwaite thought regulation would be the death of his business. When he stopped fearing change and embraced it, he reached Top of the Table, despite the new regulatory environment. Presented at the 2016 Annual Meeting.
In April 2016, the U.S. Department of Labor released its final fiduciary rule. Caleb J. Callahan, CFP, chief operating officer of ValMark Financial Group, shares the first steps you should take to prepare. From considering a fee-based business to grandfathering current clients, learn what action you should take right now.
Understanding the DOL’s final rule on fiduciary advice for retirement savers will be essential for those working with plan sponsors, plan participants and IRA holders. Carsrud, director of federal relations with NAIFA, explains the rule and what exemptions are available for different compensation arrangements. After this session, you will know when you are providing fiduciary advice and which compensation arrangements are prohibited. You will also learn how to organize client databases and recordkeeping to protect against frivolous complaints. Carsrud also discusses what changes to expect as the marketplace adjusts to this very complicated rule.
Antonios focuses on educating advisors on ethical behavior in a challenging country environment.
Regulatory changes and extremely low interest rates affect advisors in Japan.
Look at financial regulations around the world to see what you may be experiencing in your career in the future.
Advisors face increased compliance mandates to follow the money trail.
Q&A with Pu Chen
In the second episode of a three-part podcast series, MDRT members discuss the way businesses adjust as a result of regulation and how advisors should start getting ready for the change.<br><br> You’ll hear from:<br><br> John F. Nichols, MSM, CLU<br> Simon John Gibson, DipPFS<br> Juli McNeely, CFP, CLU<br> Susan Catherine Paterson, FChFP<br><br> If you'd like to subscribe, find us on iTunes at MDRT Podcast.
Know where to focus and you'll stay on track for high production levels, despite the difficult environment facing producers today.
Anne-Marie Lee thrives as industry moves from selling insurance to financial planning.
