RBC advisor Reva Shakkottai sees the strong winds of compliance sweeping over an increasingly regulated advisory landscape.
Regulators have become more concerned with how firms disclose conflicts of interest and manage risk, she says. “In 2016, we’ll see some of the biggest changes to come around in years,” she predicts, echoing industry sentiment. For months, advisors and their managers have been following the Department of Labor’s efforts to establish a fiduciary rule.
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