In this episode of Totum LIVE, Sarah Rasmuss, Chief Product Officer at Circle Black, and Larry Shumbres, Co-Founder and Chief Revenue Officer at Totum by TIFIN go through an overview of both platforms and how the combination can help advisors drive fact-based financial wellness. https://www.youtube.com/watch?v=OlAxthQIqj0 Schedule a time to see how Totum’s fact-based risk capacity can …
Advisors have traditionally used risk tolerance questionnaires and basic timelines as the basis for portfolio recommendations. Unfortunately, these practices are riddled with flaws. As outlined below, including and prioritizing risk capacity offers a far superior method in advising clients with their investments. The Pitfalls of Risk Tolerance Questionnaires Risk tolerance, or preference, is based on …
On August 27, 2021, the SEC issued a press release “requesting information and public comment on matters related to the use of digital engagement practices by broker-dealers and investment advisers.” The primary goal of the Request for Comment was to aid the Commission in determining whether or not regulatory action will be needed to protect …
Click on the video below to watch the playback of our conversation with State Street. State Street Model Strategist Karlan Patel, CFA joined Totum’s Co-Founder and CRO Larry Shumbres to demonstrate how State Street ETF Model Portfolios can be utilized on Totum to streamline an advisor’s investment practice. https://www.youtube.com/watch?v=iEEg9E9eVSE Schedule a time to see how Totum’s …
One of the key components of the Regulation Best Interest adopted by the SEC on June 30, 2020, is the Care Obligation. In referring to this obligation, the SEC states that when making a recommendation, a broker-dealer “must exercise reasonable diligence, care, and skill when making a recommendation to a retail customer….” This stipulation is broken down …
The Regulation Best Interest (Reg BI) rule set out by the SEC on June 30, 2020 means broker-dealers and their associated persons who are natural persons must prove that they’re acting in the best interest of their retail customers. The regulation consists of 4 components, which are: 1-Disclosure: Broker-dealers must disclose, in writing, all material facts …
How A Proper Risk Capacity Score Helps Broker-Dealers Meet Reg BI Requirements Read More »