What a Summer
Each year, the July issue of Investment Advisor features profiles of the top-performing asset managers and strategist via our recognition program with Envestnet.These financial professionals are honored at Envestnet’s annual Advisor Summit, last held in Austin, Texas, in 2019. Thisyear, the award winners will be showcased during the onlineEnvestnet Advisor Summit On-Demand.
Due to the COVID- 19 pandemic, we were not able tomeet the winners in personand did not get to deliver theawards to the top asset managers with a hearty handshake and photo opportunity.
Still, these portfolio managers took the time to reviewtheir recent performance andinvestment processes with usby phone, which proved veryinsightful.
Their work benefits fromthe work of many helpfulteam members, and that’swhat it took for us to pull all these informative interviewsand elements together for our remote coverage of the AssetManagers and Strategist of the Year Awards in 2020.
Meanwhile, Washington Bureau Chief Melanie Waddell
delves into the looming compliance date, June 30, for the
Securities and Exchange Commission’s Regulation Best
Interest and Form CRS. As she writes in this month’s The
Playing Field column: “Duane Thompson, senior policy ana-
lyst at Fi360, told me in mid-June that although brokerage
firms and reps ‘are as ready as they’re going to be” to comply
with Reg BI, ‘it’s going to be a learning curve.’”
While the SEC’s exam division is willing to work with firms
unless an egregious violation is found, “there are ways you can
get tripped up on” Reg BI and Form CRS compliance, namely
when it comes to disclosure and conflicts, fees and expenses
related to Form CRS,” Thompson said.
In this year’s Presidents Poll, highlighted in our May issue,54% of broker-dealer executives said their firms are veryprepared for Reg BI, 43% said they are somewhat prepared,As we go to print, the U.S.has some 2. 2 million cases ofIn these rapidly changing and unprecedented times, wewish you a healthy and safe summer. Please send us anyof your own news or views on advisor-related topics firstname.lastname@example.org.
In this year’s Presidents
Poll, 54% of broker-dealer
executives said their firms
are very prepared for Reg BI,
43% said they are somewhat
prepared, and the remaining
3% said are not very prepared.
By Janet Levaux