It’s official, the Department of Labor (DOL) will proceed with a June 9th implementation date for the fiduciary rule. With the date right around the corner, advisors may be concerned with how to comply.
According to DOL.gov, DOL in supporting its mission to “protect, educate, and empower retirement investors,” implemented a new ruling that ensures all individuals providing “retirement investment advice to plans, plan fiduciaries and IRAs to abide by a ‘fiduciary’ standard – putting their clients’ best interests before their profits.”
To meet the DOL ruling, Silverline has developed a Product Fact Site utilizing Salesforce Community Cloud. The solution is made up of theme layouts, page layouts, and custom components within the community builder. The community will allow a user to log in and search, filter, and sort to find the Product they are looking for and accordingly drill down into the details to see the Product’s related fees. The user can then download the information into a PDF or CSV file.
Silverline’s dedicated Financial Services Practice operates in multiple sub-verticals, including clients that are broker-dealers, investment advisers, insurance agents, plan consultants and other intermediaries that are affected by the DOL Ruling. We have established a deep expertise for best-in-class Salesforce implementations not only to maximize operational efficiency but also to ensure ongoing adherence to business and regulatory requirements.
Interested in learning more? Watch the demo above of this solution that may work for your organization, download the Silverline Point of View: DOL Fiduciary Rule datasheet, and contact us today!