Register Today for Oyster’s DOL Risk Assessment Webinar

  On April 6, 2016, the U.S. Department of Labor (DOL) released its final regulation (DOL Rule) defining the circumstances under which a financial professional will be deemed to be a fiduciary.  Among the critical initial steps that firms should be taking are an assessment of the potential impact of the rule and a gap… READ MORE

LinkedIn

RSS
Facebook

Twitter

Google+

Oyster Consulting Wins Fund Consultancy Services Firm of the Year Award

Oyster Consulting was recently awarded the 2016 Fund Consultancy Services Firm of the Year award. The Global Fund Awards is an international awards program that recognizes performance and service providers who support the global finance industry. The judging panel at Corporate LiveWire placed each shortlisted candidate under intense scrutiny, setting its sights firmly on the… READ MORE

LinkedIn

RSS
Facebook

Twitter

Google+

Performance-Based Fees – Net Worth Test Threshold Increases to $2.1m

  The SEC has increased the net worth test threshold applied to “qualified clients” to $2.1 million.  Qualified clients that enter into advisory contracts in reliance on the net worth test prior to the effective date will be “grandfathered” in, under the prior net worth threshold.  The new requirement is effective August 15, 2016. The… READ MORE

LinkedIn

RSS
Facebook

Twitter

Google+

Fiduciary Status Under The New DOL Rule — Frequently Asked Questions

On April 6, 2016, the U.S. Department of Labor (DOL) released its final regulation (DOL Rule) defining fiduciary, which expands the circumstances under which financial professionals become fiduciaries for purposes of ERISA and the prohibited transaction provisions of the Internal Revenue Code, as a result of providing investment advice. The DOL also issued two new… READ MORE

LinkedIn

RSS
Facebook

Twitter

Google+

New SEC Rule – Plan to Fail

Benjamin Franklin once said “If you fail to plan, you are planning to fail”. But the SEC this week issued a new rule proposal that requires you to create a plan to fail. And it is a really good idea. The proposed rule will require SEC-registered investment advisors to adopt and implement written business continuity… READ MORE

LinkedIn

RSS
Facebook

Twitter

Google+

Operational Efficiency – Software and Outsourcing Can Help

To remain competitive, firms must boost operational efficiency to cut costs and deliver consistent quality customer service. For financial services firms, this includes developing and refining procedures to help mitigate risk to protect you and your clients.  For CCOs, efficient and effective procedures create consistency and reduce risk. What You Should Do: Conduct a review… READ MORE

LinkedIn

RSS
Facebook

Twitter

Google+

The Challenge of Complying with Multiple and Differing Fiduciary Rules

For nearly eight decades, financial advisors[1] have been subject to federal and state securities laws, regulations and SRO rules regulating the type of service they provide to clients – investment advice, brokerage transactions, the sale of insurance products, and other services.  The most recently enacted federal regulation – the Department of Labor fiduciary rule —… READ MORE

LinkedIn

RSS
Facebook

Twitter

Google+