Compliance Insights
Access compliance commentary from some of the industry’s leading consulting firms and attorneys. Clients can use their Schwab Advisor Center® credentials to download full white papers.
Featured topic
Best practices for advisory agreements
Advisory agreements between Registered Investment Advisers (RIAs) and their clients should aim to clearly describe the scope of the advisory relationship and the services to be provided. These agreements must comply with SEC and state securities regulations. What constitutes a best practice for advisory contracts is constantly evolving, however, as developments in the industry continually inform what is expected of the standard contract.
Our latest Compliance Review explains the legal requirements and other important provisions advisors should consider when drafting or updating their advisory agreements.
Compliance Reviews
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Contemplating ESG: Investing imperative or passing fad?ESG investing—that is, taking environmental, social, and governance factors into consideration alongside financial factors—is growing exponentially. While developing an ESG investment program is a priority for some advisors, there is a steep learning curve, and implementing an ESG investment program will create new compliance challenges.
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What advisors should know about giving rollover advice after January 31, 2022The Department of Labor (DOL) has significantly changed its position on rollover advice since adopting Prohibited Transaction Exemption 2020-02 (PTE 2020-02) in December 2020. The DOL now holds that a rollover recommendation can be ERISA investment advice if the advice is ongoing.
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Meeting current and future challenges of serving aging clientsThe impact advisors have on seniors cannot be overstated. As fiduciaries, advisors must consider how best to serve seniors and implement sound practices to protect and safeguard senior assets.
Read more Compliance Reviews
Read more Compliance Reviews
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