Shawn has more than 15 years of experience in the financial services industry and has held leadership positions in both the broker dealer and RIA space. Shawn leverages his vast industry experience to help investment firms implement financial planning technology solutions which allow their clients achieve financial success.
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Advicent and the DOL rule
The DOL rule gets to the core issue for investors: trust. Trust remains one of the biggest reasons investors pick their advisor. There are many smart, engaged, and honest advisors; however, a small fraction make headlines for the wrong reasons. Thus, the DOL rule seeks to tighten the definition of an advisor’s fiduciary standard, which will increase the responsibility of the advisor to act in the best interest of the client. This law is designed to validate the advisor’s advice, which can increase the trust investors have in financial advisors. This change in fiduciary responsibility is forcing the industry to change compensation, workflow, processes, and advice in a hurry. [Continued below]
Financial planning software and the DOL rule
In this video, Shawn Preisler, regional sales manager at Advicent, discusses the impacts of the DOL rule on the financial services industry, as well as how the Advicent product suite meets the fiduciary standard established by the DOL rule, all the while building trust within the client-advisor relationship.