Compliance Call – Thursday 6/8/17 @ 1PM EST

Compliance Call – Thursday 6/8/17 @ 1PM EST

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.