Industry Insights and the EAI Blog

Oct 10, 2014

President's Day at EAI

By EAI Contributor

This Feb. 20, as we honor the leaders who have shaped our country and legal system, we at EAI are reminded of another great American feat: The civic duty for customer safety and satisfaction in a highly competitive marketplace.

But what does this have to do with you and your investment firm? The answer goes back to 2009, when the Obama Administration proposed to standardize--at the federal level--the care that investors receive from financial professionals.

As you’ll recall, by the following year, the Dodd-Frank Act had authorized the Securities and Exchange Commission (SEC) to overhaul the existing regulatory structure. Through 16 different titles, the Act sought to streamline the regulatory process and purport strict new standards to protect consumers. For investment professionals, this could mean new and increased guidelines. In 2012, rules carrying out these new standards are expected to pass.

Without resources, the changes can seem daunting, forcing your already-booked team to make time for increased audits, new questions and more forms. But with a service like the RIA Audit Tool, you can add efficiency and eliminate errors in the process, as well as get accurate reporting and safe data retention.

Like the leaders who have made this country strong, EAI strives to help you reach individual goals by providing the best tools possible.