The Importance of Portfolio Management and Analytics in Adapting to a Changing Regulatory Environment

Wealth management firms face an increasingly complex regulatory environment. Regulations such as the Department of Labor (DOL) Fiduciary Rule in the US, and Client Relationship Model – Phase 2 (CRM2) in Canada require that firms put their clients’ best interests first, and increase transparency around investments, including performance and costs.

The mandates set forth by these regulations impact wealth management firms’ risk profiles and overburden advisors. In point of fact, 34% of advisors view heightened regulation, disclosure, and compliance as the greatest risks to their business in the future, and 56% of wealth management firms report that the amount of time advisors spend on compliance-related tasks significantly increased compared to three years ago.

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An Insight Brief by
CEB
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