Regal Holdings Selects InvestorCOM to Meet Compliance for Regulation Best Interest
InvestorCOM’s Reg BI compliance platform will help Regal meet the key categories of disclosure
and record-keeping, advisor and process oversight, and investment product selection and monitoring
InvestorCOM, the leading provider of regulatory compliance software and communications solutions for the financial services industry, announced Regal Holdings of Kentwood, Michiganhas selected InvestorCOM’s Reg BI compliance platform to meet the Firm’s compliance requirements for Regulation Best Interest (Reg BI).
Regal Holdings’ subsidiaries, Regal Investment Advisors and Regulus, through its affiliates across the US, provide financial advisory, investment management, retirement planning and multi-generational planning services. Regal Holdings has entered into an agreement where its two subsidiaries will use the full suite of InvestorCOM’s Reg BI compliance platform.
Recommended AI News: Ramp Introduces Peer-to-Peer eCDN, Becomes the eCDN for All
“Meeting Reg BI compliance with a remote workforce of advisors is only possible by using a technology like this,” said William Best, COO of Regal Holdings. “We are impressed by InvestorCOM’s comprehensive solution and we are confident it will help us meet the June 30th deadline or even earlier.”
In March 2020, InvestorCOM announced the availability of its new Reg BI compliance platform for the US market. Comprised of three solutions – ShelfMonitor, PeerCompare, and ComplianceExpress – the platform supports the key categories of disclosure and record-keeping, advisor and process oversight, and investment product selection and monitoring.
Recommended AI News: Walzik Announces Automated Interface Between Dynamics GP and Strategic Movements
Regal’s team of more than 140 independent investment advisors (RIAs) and broker-dealer representatives will use InvestorCOM’s solution to monitor their product shelf, compare reasonable product alternatives, and deliver compliance and client documents digitally.
“We look forward to building a long-term partnership with Regal and delivering immense value to their wealth advisors and clients,” said David Reeve, CEO of InvestorCOM.
Recommended AI News: AiMi Launches World’s First, Artist Powered AI Music App
Comments are closed, but trackbacks and pingbacks are open.