Easily assign training and maintain all aspects of your Firm Element program.
Our modern, mobile-ready compliance management system (CMS) simplifies the process of planning, developing and implementing your FINRA-required Firm Element continuing education program. Deploy compliance training faster, automate training reminders and get the reports you need to stay on top of it all. With our CMS, you also have the option to utilize Lesson Plans to easily create and administer custom training packages based on your representatives’ specific job titles, roles or departments.
For compliance professionals who need a trusted vendor with industry experience
We understand that diverse training is essential to your compliance program; that’s why our Firm Element catalog contains 450+ courses, with topics ranging in length and difficulty. We additionally author over 30 new courses annually and perform periodic course audits to ensure training is current with new and changing regulation. Can’t find the course you need? Create it – at no additional cost! With our course authoring tool, Course Builder, you have the ability to customize any Quest CE-authored course to make it align with your firm’s internal policies and procedures. Course Catalog
Do you have any procrastinators at your firm? Give your reps the boost they need with the help of automatic training reminders. With our compliance management system, you can track training solutions in real-time and see who has (and hasn’t) completed their assigned courses. Using the system’s integrated Email Blast Tool, you can thereafter schedule automated email alerts to deploy on a daily, weekly or monthly basis, until training is complete. Take that, procrastinators.
To meet the growing demands of today’s adult learners, it’s extremely important that you invest in training that not only challenges your representatives, but keeps them actively engaged throughout the course. That’s why we’ve included interactive element options, such as click-to-reveal quizzes, scenarios and images, into each of our courses to transform passive viewers into active course participants. Moreover, our training is as mobile as the people using it, making it accessible from any desktop, tablet or smartphone.
Save by bundling your Needs Analysis, Written Training Plan and Firm Element Program!
Are you trying to put together a training plan, but you’re not sure where to begin? Ask your employees! Their feedback will help you determine exactly what training areas need the most attention. Our Individual Needs Analysis Survey evaluates your employee’s job knowledge, skills and abilities to help you easily determine what type of training is needed. Additionally, these surveys make it easy for you to pinpoint which employees require additional training in certain areas.
Serving as an organization-wide assessment, the Firm Needs Analysis determines the varying needs of your firm’s departments, job functions, training priorities, products and services. It’s a comprehensive way for you to evaluate and prioritize your firm’s annually-required training needs. Once the data is gathered and analyzed, the results can be used to create your firm’s written training plan and appropriately assign course materials.
Firms are also required to establish a formal Written Training Plan to keep employees up-to-date on job and product-related subjects. The primary intent of the Written Training Plan is to tie the objectives, values, products and services of the business into a workable, compliance-oriented training strategy. In our Written Training Plan template, we help establish the training needs and learning styles of your firm by taking into account your firm’s size, structure, scope of business, and much more.
You have questions – we have answers
Firm Element is a FINRA continuing education rule that requires firms to annually deliver training to their representative population. There are three aspects of this requirement, which include 1.) a needs analysis/survey, 2.) a written training plan, and 3.) firm-wide training.
The Firm Element requirements apply to all “covered persons.” A covered person is defined as someone who is registered, including registered representatives, principals, assistant representatives, research analysts, investment bankers, and operations professionals.
SRO rules require covered persons to participate in training as prescribed by their firms. Failure to do so could result in disciplinary action by his or her firm or by regulatory authority.
You bet! We recently announced that firms now have the ability to customize any off-the-shelf Quest CE courses directly in our course authoring tool, Course Builder. There is no additional cost to use the tool, it’s automatically included with a Quest CE training program!
There is no single date on which training must begin, but it must be completed annually. Training dates are determined by the firm and are incorporated into the training plan. Firm sizes and product offerings may affect the amount of training the firm will offer.
Each firm must provide continued education that is reasonable and in accordance with the identified training needs, but there is not a required number of hours for the Firm Element
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