For Compliance
THE TOOLS YOU NEED TO HAVE OVERSIGHT AND COMPLIANCE TRACKING.
Don’t Lose Sleep Over Compliance Litigation
Stay Compliant
Standard of (k)are™ compliance tools help you remain compliant by tracking advisor materials all in one place. Plan participants automatically receive a client relationship summary (CRS) or other required disclosures.
Stay Competitive
Our compliance software plays a critical role in growing your business. Through audits, you can discover vulnerabilities and optimize teamwork.
Stay Secure
With the full scope audit, all advisor information is secure. Limited access can be given to advisors not using SOK with a custom attestation link.
Stay Aware
Rollover documentation is easier to manage with Standard of (k)are™. You can rest easy knowing that no matter whether you made a recommendation or only provided education, it’s all been documentationed.
Secure your Future Through Compliance.
Over the next decade, almost 110,000 financial advisors, representing 37.5% of
industry headcount and 41.5% of assets, plan to retire. The pool of incoming talent is smaller as the ‘rookie failure rate’ for new advisors is over 72%.
With so many future “rookies” joining the ranks, it is even more critical to keep your business on track. SOK™ provides the guardrails and streamlined processes to ensure the success of your financial advisors.
(Source: John Sullivan, Dismal Outlook for the Number of New Financial Advisors)
FULL SCOPE
AUDITS
Access a full range of compliance tools built to secure data, streamline your workflow and stay competitive. Our software is designed to improve accuracy and efficiency. The screenshots below show the auditing dashboard and details, where all the magic begins.
Review Meeting Minutes
Liability in retirement plan advising is difficult to measure. Advisors who do not adhere to a process and document their conversations are going to be under scrutiny and will most likely increase their anticipated liability. Standard of (k)are™ reduces fiduciary risk standardizing the 401(k) management process.
Compare information
Chief Compliance Officers using Standard of (k)are™ for compliance can easily compare data for every financial advisor, promoting transparency and improving overall teamwork.
Ensure Compliance
The last thing you need is to worry about a suprise visit from the DOL or SEC. Standard of (k)are™ compliance tools will give you the peace of mind, with documentation and tracking all in one place.
Improve Communication with Automation
The Standard of (k)are™ auditing tool documents and organizes each step of the plan management process. This allows easier communication between advisors and investment committee members.
As a compliance team, we understand that your responsibilities are great. Our solution will provide a compliance structure to overseeing your advisors’ services as committed in their consulting agreement.
ATTESTATION
AUDITS
Need a simple, straightforward solution to ensure advisors are providing services selected under the RIA agreement? With attestation, you can quickly select which advisors to audit and email them a link to a response form. There is no need for the advisor to log into Standard of (k)are™. Compliance officers can review the audit history at any time.
