PITTSBURGH--(BUSINESS WIRE)--fi360, a provider of fiduciary-related education, designations, training and tools, announces the launch of its Fiduciary Focus ToolkitTM software that enables financial professionals to automate advisor workflow and have oversight of fiduciary best practices.
Advisors and broker-dealers are tasked with a new set of challenges when creating investment policy statements and archiving the documentation required to meet a fiduciary standard. To overcome these challenges, the Fiduciary Focus Toolkit™ allows the home office to guide advisors as they adopt and create investment policy statements, investment watch-list criteria, client monitoring reports and other essential fiduciary-related activities.
Fiduciary Focus Toolkit™ accelerates compliance with the DOL rule by ensuring the monitoring and documentation of client accounts aligns with fiduciary best practices. Because these practices are built into the software, advisors can scale their businesses upon a fiduciary framework they can fully control and monitor.
Since the software allows broker-dealers to centralize their oversight of investment policy statements and watch-list management, home offices can be confident that advisors are using prudent processes and reducing their organization’s liability related to fiduciary obligations.
“Thousands of advisors have been using fi360’s tools for over a decade to act in their clients’ best interests, but finalization of the DOL rule has shined a brighter light on fiduciary-related tools and support, making it the perfect time to launch the Fiduciary Focus ToolkitTM,” said John Faustino, Chief Product and Strategy Officer at fi360. “We believe our history of training advisors on prudent practices, and developing those best practices, uniquely qualifies us to deliver fiduciary software solutions.”
The Fiduciary Focus ToolkitTM is the latest addition to fi360’s suite of tools, and comes out on the heels of the firm’s new training program, Fiduciary Essentials for Advisors.
fi360 helps financial intermediaries use prudent fiduciary practices to profitably gather, grow and protect investors’ assets. Since 1999, the firm has provided financial professionals with the education, designations, training and tools necessary to act as a fiduciary in their work with investors. Headquartered in Pittsburgh, PA, fi360 is the home of the Accredited Investment Fiduciary® (AIF®) designation, the fi360 Toolkit® and the fi360 Fiduciary Score®. fi360 is also the parent company of Ann Schleck & Co. and CEFEX. Learn more at www.fi360.com, via Twitter or on LinkedIn.
