New Course on the DOL’s Fiduciary Rule

MILWAUKEE – June 7, 2016 – In response to the Department of Labor’s imminent Fiduciary Rule, Quest CE, premier provider of compliance training and tracking technology solutions, today announced the highly anticipated release of its new Firm Element course, “Department of Labor Fiduciary/Conflicts of Interest Rule.” This course teaches advisors, broker-dealers and other affected financial professionals how to navigate and prepare for the expected regulatory changes.

“As a leading provider of securities training, it’s important for us to have content that meets the growing needs and expectations of our clients,” said Quest CE Executive Vice President of Sales, Marketing and Client Services, Alex Krenke. “We’re thrilled to be the first vendor to add the DOL’s fiduciary rule to our course offerings and look forward to helping our clients and their employees further their understanding of this hot-topic subject matter.”

The Labor Department’s fiduciary rule is aimed at stopping the $17 billion a year the government claims investors waste in exorbitant fees. The idea is that the regulation will stop advisers from putting their own interests in earning high commissions and fees over clients’ interests in obtaining the best investments at the lowest prices.

The new course, “Department of Labor Fiduciary/Conflicts of Interest Rule” was developed to introduce the Department of Labor’s fiduciary rule to the market and help eliminate conflicts of interest when recommending or otherwise giving retirement investment advice. While there still remains an industry-wide media frenzy regarding the rule, which is likely to continue through the compliance dates of April 7, 2017 and January 1, 2018, this course explains the fiduciary duty as it stands and what is required of those who provide advice on retirement investing.

Course Topics Include:

  • Fiduciary Rule Explained
  • Conflicts of Interest
  • Employee Retirement Income Security Act (ERISA)
  • Compliance
  • Education
  • Suitability vs. Fiduciary
  • Exemptions to the Rule
  • Robo-Advisors vs. Service
  • Anticipated Discipline

“With over half of US financial assets in retirement accounts, the impact of this rule will be widespread across asset managers, broker dealers, and insurance companies. Fully understanding the new requirement, through training, is the first step in preparing for what is anticipated to be a monumental transition for many firms,” added Krenke.

To view Quest CE’s complete Firm Element course catalog, click here. For questions regarding this or other Firm Element course options, please contact a Quest CE Sales Executive at 877-593-3366 or e-mail sales@questce.com.

* Information in this course is subject to change, without notice, based on new and developing regulation. Moreover, because interpretations of enforcement may change over time, for additional guidance on the DOL Fiduciary Rule, firms should consult current administrative interpretations and decisions by visiting the Department of Labor’s website.

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About Quest CE

For over twenty-five years, Quest CE has been the premier provider of compliance training and tracking solutions to the financial services industry. In addition to offering on-demand insurance and designation continuing education, Quest CE also provides a complete spectrum of proprietary technology solutions for managing and supervising compliance and risk exposures.

Serving more than 1,000 leading insurance carriers, broker-dealers, banks, and other financial institutions, Quest CE is committed to providing advanced custom solutions at cost effective rates, while providing a level of service that greatly surpasses that of our competitors. Quest CE is the single source solution for organizations seeking training and compliance needs. For more information on Quest CE, visit http://www.questce.com.