EAI DOL Infographic
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Infographic we created to highlight the effects of new DOL regulations and how EAI technologies aid compliance.
![Aggregate the necessary information from all
your sources and applications, including:
“The challenges related to implementation
of the rule requirements present profound
implications for technology.”5
Going forward, firms may need to
build systems able to “gather and
manage much more data up
front.” That means “a lot more
technology [aimed at]
improving point-of-sale and
supervisory systems to reduce
regulatory risk.”
April 10, 2017:
Compliance with
Investment Advice
Standards required3
of respondents are
still developing an
understanding of
the Rule4
78%
in assets in the US
retirement plan system
could be impacted by
the Final Rule1
$18.9
Trillion
Expected cost to the
securities industry due to
the DOL Fiduciary Rule2
$11
Billion
85%
of respondents have moved
from preparation to
implementation activities4
of investment professionals
believe their firms will look to
new technology to deal
with the new regulation6
A mere 8%
Email us for a free assessment of your
organization’s readiness to meet the new rule:
Kwame.Essieh@eaiinfosys.com
Go forward with EAI.
The new DOL rule
is approaching.
Be a step ahead.
The new DOL Fiduciary Rule is expected to
have major impacts on Financial and
Investment Advisors
Action needs to be taken soon, but
many advisors are not prepared
Investment in technology will
be crucial
Today, EAI has the
technology you need to
meet the Fiduciary Rule
January 1, 2018:
Full compliance required3
Transaction
information from
multiple sources
(NFS, DST, DAZL,
DTCC, Pershing)
Account and
customer
information from
onboarding
software
Rep information
and credentials
from FINRA
– Thomas Ward, EY5
1
Sutherland, “The Final Rule: DOL’s Expanded Definition of Investment Advice Fiduciary Under ERISA and Revised
Complex of Exemptions,” April 12, 2016
2
Bruce Kelly, “DOL fiduciary rule to cost the securities industry $11B by 2020: study,” September 21, 2016.
3
Deloitte Perspectives, “Department of Labor releases final fiduciary rule,”
4
Deloitte Perspectives, “Department of Labor fiduciary rule: survey results on industry preparedness”
5
Forbes Insights, “The Rules are Here: Time to Act on the Department of Labor’s New Fiduciary Standards”
6
Investment News, “DOL Fiduciary will lead to increased spending on technology: survey,” June 20, 2016
©2016 EAI Information Systems. All rights reserved.](https://image.slidesharecdn.com/eaidolinfographic100316-161003194411/85/EAI-DOL-Infographic-1-320.jpg)
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EAI DOL Infographic
- 1. Aggregate the necessary information from all your sources and applications, including: “The challenges related to implementation of the rule requirements present profound implications for technology.”5 Going forward, firms may need to build systems able to “gather and manage much more data up front.” That means “a lot more technology [aimed at] improving point-of-sale and supervisory systems to reduce regulatory risk.” April 10, 2017: Compliance with Investment Advice Standards required3 of respondents are still developing an understanding of the Rule4 78% in assets in the US retirement plan system could be impacted by the Final Rule1 $18.9 Trillion Expected cost to the securities industry due to the DOL Fiduciary Rule2 $11 Billion 85% of respondents have moved from preparation to implementation activities4 of investment professionals believe their firms will look to new technology to deal with the new regulation6 A mere 8% Email us for a free assessment of your organization’s readiness to meet the new rule: Kwame.Essieh@eaiinfosys.com Go forward with EAI. The new DOL rule is approaching. Be a step ahead. The new DOL Fiduciary Rule is expected to have major impacts on Financial and Investment Advisors Action needs to be taken soon, but many advisors are not prepared Investment in technology will be crucial Today, EAI has the technology you need to meet the Fiduciary Rule January 1, 2018: Full compliance required3 Transaction information from multiple sources (NFS, DST, DAZL, DTCC, Pershing) Account and customer information from onboarding software Rep information and credentials from FINRA – Thomas Ward, EY5 1 Sutherland, “The Final Rule: DOL’s Expanded Definition of Investment Advice Fiduciary Under ERISA and Revised Complex of Exemptions,” April 12, 2016 2 Bruce Kelly, “DOL fiduciary rule to cost the securities industry $11B by 2020: study,” September 21, 2016. 3 Deloitte Perspectives, “Department of Labor releases final fiduciary rule,” 4 Deloitte Perspectives, “Department of Labor fiduciary rule: survey results on industry preparedness” 5 Forbes Insights, “The Rules are Here: Time to Act on the Department of Labor’s New Fiduciary Standards” 6 Investment News, “DOL Fiduciary will lead to increased spending on technology: survey,” June 20, 2016 ©2016 EAI Information Systems. All rights reserved.