Cetera is also offering its advisors an analysis of the new regulations, as well as educational materials and webcasts detailing the implications of the new rule and how advisors can adapt their practices to comply.
“I think advisors in general understand what a fiduciary is and how one should operate,” Antoniades says. “The reality is that the new rule is going to subject them to 1,000 pages telling them what they can and cannot do—more than 1,000 pages of rules and laws that are difficult to navigate.”
DOL DynamIQs integrates with Cetera’s practice management, advisor marketing and advisor transitions platforms, and will be available to the network’s advisors at no cost.
Cetera says its global network consists of 9.000 financial professionals and 500 institutions.