Oyster Consulting Hires Bob Mooney as General Counsel

Former Wells Fargo Advisors Senior Risk Executive adds to growing firm’s powerhouse team Oyster Consulting announced today that Bob Mooney has joined the firm as General Counsel following the retirement of Patrick M. Dennis. Bob Mooney brings to Oyster Consulting and its clients the perspective, insight and experience gained from more than 30 years of… READ MORE

Best Practices for Broker-Dealer Expense Sharing Agreements

In the 2021 Report on FINRA’s Examination and Risk Monitoring Program, one of the issues FINRA highlights is insufficient documentation regarding expense-sharing agreements, an issue that remains on the list year after year. The requirements are clear. The broker-dealer is required to account for all expenses as if it were a stand-alone entity. If it… READ MORE

Take Advantage of Today’s Technology Reset

Wherever you were on your technology modernization journey, the COVID-19 pandemic has likely caused changes in your plans.  Many organizations have been pleasantly surprised by the ROI they’ve experienced from COVID’s “forced” digital business transformation.

Are you using this opportunity to its full advantage?

Will Your AML Program Stand Up to Regulatory Scrutiny?

Many leaders at broker-dealers have a strong belief, and they are typically right, that there is no money laundering occurring within their firm. Unfortunately, belief alone isn’t enough to satisfy the requirements and expectations of regulators. As regulators continue to look closely at broker-dealers on the topic of anti-money laundering (AML), firms should review and… READ MORE

Oyster Consulting Hires David Altschul and Jeffrey Wilk

David Altschul and Jeffrey Wilk joined the firm as Directors in the Strategic Planning and Execution team. Altschul and Wilk’s extensive experience in planning and executing organization-wide digital platform transformations adds significant depth to Oyster’s respected bench of strategic and operations specialists. David Altschul, former Vice President, Global Client Relations at Pershing, LLC and Head… READ MORE

Oyster Consulting Expands Paraplanning Team

Oyster welcomes Cody Davis to the firm as a Paraplanner, bolstering our ability to assist financial planners in building, updating, integrating and transitioning financial plans. Prior to joining Oyster, Cody spent three years at Envestnet MoneyGuide as a member of the Advanced Planning Team. Cody also served as a Fee-Based Product Associate and Product Specialist… READ MORE

IRAs, Rollovers and DOL Fiduciary Compliance: What You Need to Know

Join our complimentary webinar on June 8th, co-sponsored with Faegre Drinker Biddle & Reath LLP This program will focus on compliance with the DOL’s new “fiduciary rule,” a combination of an expanded interpretation of fiduciary status and an exemption for compensation, fees and commissions resulting from fiduciary recommendations. While other programs have discussed the DOL’s… READ MORE