OAKS, Pa. and GOLD RIVER, Calif., Oct. 26, 2016 (GLOBE NEWSWIRE) — With the approaching able date of the DOL Fiduciary Aphorism beneath than six months away, SEI (NASDAQ:SEIC) and Redtail Technology (Redtail) today appear an absolute artefact that can advice banking admiral plan, execute, and accede with the rule. The cardinal affiliation amid SEI Adviser Network and Redtail provides banking admiral with alike workflows that advice appraise business address and authenticate acquiescence with the DOL aphorism through a array of scenarios, such as affective from commission- to fee-based. This absolute amalgamation can ultimately save admiral time, maximizing adeptness and abundance as they acclimate for the DOL borderline in April 2017.
The DOL Workflow Toolkit which is implemented through Redtail, added Customer Relationship Administering software (CRM), or accoutrement alfresco of technology, will advice admiral drive their cardinal business visions, cross acquiescence requirements, and advance activity plans. The amalgamation offers abounding workflow diagrams, action templates, and training assets that accredit adaptability to assignment with best broker-dealer procedures, if applicable, and serve as key assets for audits.
“Everyone is talking about the DOL aphorism in our industry, but we still accept admiral allurement what it absolutely means, what they should be doing, and how they can get help,” said John Anderson, Managing Director and Head of Convenance Administering Solutions for the SEI Adviser Network. “There has consistently been amount in holistically application a CRM for both admiral and clients, but there’s a acquiescence acumen for admiral to do so now, and there is no bigger time to acclimate for the accessible accomplishing of the DOL rule. It’s basic for admiral to accept the workflows set in abode to assassinate a plan for their audience and authenticate acquiescence with the rule.”
SEI Adviser Network and Redtail’s DOL Action Plan action begins with a planning meeting, which admiral should complete by the end of 2016. Following this plan, admiral will be able to:
The Toolkit has four absolute workflows with accompanying assets to advice drive beheading that will clue the advisors’ progress, but it will additionally actualize an auditable business, documenting applicant interactions in their CRMs.
“If the SEC knew how abundant publicity the DOL was activity to get for creating its new aphorism first, there would accept been a no-holds-barred chase to the accomplishment band to apparatus fiduciary mandates – it’s all anyone is talking about,” said Brian McLaughlin, CEO of Redtail Technology. “SEI is a baton in the advance administering amplitude and partnering with them to bear an chip DOL-centric technology for our adviser ally is an honor. The adeptness to bound acclimate and actualize tech solutions based on the ever-changing authoritative ambiance is a authentication of both our firms – we’re blessed to comedy our part.”
Whether admiral use Redtail, use addition CRM, or adopt to assignment alfresco of technology, this absolute toolkit with workflows is a different and all-important footfall for admiral to booty in adjustment to acclimate for the DOL rule’s accomplishing in April 2017. To apprentice added about this cardinal partnership, bang here.
About The SEI Adviser NetworkThe SEI Adviser Network provides banking admiral with turnkey abundance administering casework through outsourced advance strategies, administering and technology platforms, and convenance administering programs. It is through these casework that SEI helps admiral save time, abound revenues, and differentiate themselves in the market. With a history of banking strength, stability, and transparency, the SEI Adviser Network has been confined the absolute banking adviser bazaar for added than 20 years, has over 7,000 admiral who assignment with SEI, and $55.1 billion in advisors’ assets beneath administering (as of September 30, 2016). The SEI Adviser Network is a cardinal business assemblage of SEI. For added information, appointment seic.com/advisors.
About SEISEI (NASDAQ:SEIC) is a arch all-around provider of advance processing, advance management, and advance operations solutions that advice corporations, banking institutions, banking advisors, and ultra-high-net-worth families actualize and administer wealth. As of September 30, 2016, through its subsidiaries and partnerships in which the aggregation has a cogent interest, SEI manages or administers $751 billion in alternate armamentarium and affiliated or alone managed assets, including $281 billion in assets beneath administering and $470 billion in applicant assets beneath administration. For added information, appointment seic.com.
About Redtail Redtail Technology is a arch provider of web-based Applicant Relationship Administering (CRM), paperless office, and email archiving solutions in the banking casework industry. Easily affordable, accessible to apparatus and alms affiliation with abounding of the industry’s best broadly acclimated applications, Redtail is committed to accouterment banking admiral with the amount technologies that drive their circadian operations. CRM is ultimately about not alone accepting and managing your audience and affairs — it’s additionally about application them and, in turn, extracting amount from the relationships. At the aforementioned time, it’s about accomplishing all of these things while accompanying convalescent operational efficiency. Appointment www.redtailtechnology.com for added information.
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