Industry experts believe the recently enacted DOL fiduciary requirements will drive additional accounts to advisory-based solutions. Fiserv is ready to help firms comply by leveraging our core managed account technology and our Unified Wealth Platform portal to:
- Support new recordkeeping requirements to demonstrate DOL compliance
- Track BICE information for additional audit and compliance capabilities
- Gain visibility to Risk Profile drift within the universe of qualified accounts
- View trading activity/inactivity to address potential issues such as "reverse churning"
- Provide insight into investment fees