By James J. Spinelli, ChFC®, AIF® on June 2, 2017 GVA will host a quarterly compliance call for their advisors to discuss updates regarding the following topics: Employer Sponsored ERISA Plans 3(21) vs. 3(38) fiduciary Participant education Consulting Services Financial planning for plan participants Ongoing fee for service: defining the ongoing service Some DOL considerations for LPL Standardized Compensation: LPL is working toward level compensation within each product category offered Direct business: policy change delayed until January 1, 2018 ‘Department of Labor’ tab in the Resource Center for more information OCIE Share Class Initiative Selecting share classes in advisory accounts GVA expectations for advisors using higher fee shares Client Engagement Agreement Additions to the CEA are underway What you should be able to demonstrate for each advisory account: • Specific objectives • Investment Strategy • Rebalancing procedures • Monitoring of performance (including the use of benchmarks) Client Communications – Annual client meeting requirement – Meeting notes For more information, or to sign up, please contact Cheryl deRosa, cderosa@greatvalleyadvisors.com.