Can the RMA® help the Registered Investment Advisor?

For all RIAs, and for various reasons, the SEC is generally expected to publish a fiduciary rule that essentially  reflects the DOL standards– and hopefully better defines – the demands that will apply to IRAs.  The speculation on making it a general, more demanding standard for all RIA activity is more diverse. Of course, the “when” is a bigger issue – it’s not expected to be resolved until after the November elections.  It’s also unclear what the states will do for advisers that are governed by their statutes and regulations. And then there are broker-dealers and the “harmonization” of suitability with RIA standards.

Many RIA’s are focused on retirement given the aged and aging population, while also motivating the 30 plus to start saving.

How can you meet these myriad challenges and leverage the opportunities?

The RMA designation’s body of knowledge documents more than 100 levels of service in the Procedural Prudence map℠ (PPm℠). With its breadth and depth, RIAs can find the compliance “path” that works for them, no matter the age or financial position of their client. The Household Balance Sheet℠ provides a view of both assets and liabilities, delivering a clear picture of the client’s full position.

These are just a couple of the tools through which RMAs gain important insights, with respect to complying with the DOL’s Fiduciary Rule, that show the reasons for recommendations when delivering retirement planning services in addition to investment planning services.

Learn more at www.riia-usa.org. Register for the next RMA online class through Salem State University.