Regulation Best Interest for the Investment Adviser Representative


What does "Best Interest" mean in the world of the financial adviser? Does it mean the "best" or most beneficial product available? What if there is no single "best" recommendation? Perhaps the obligation for investment advisers should be to adhere to a professional standard of conduct when making a recommendation. Perhaps it is defined as "including a duty of loyalty and care" or "best execution and fair pricing and compensation." "Best Interest" could be viewed in a variety of ways.

In this course, you will learn about Regulation "Best Interest"--what does it mean, how it started, the challenges it has faced, how it relates to both broker-dealers and investment advisers, and many of the ways it has helped in the financial industry.

Learning Objectives

Upon completion of this course, you should:

  • have a basic understanding of what Regulation Best Interest is and why this Regulation is so important
  • be aware of the differences between a broker-dealer and an investment adviser and what the different requirements are in connection with Regulation Best Interest
  • be familiar with the requirements of Form CRS
  • be aware of the disclosure obligations that exist in addition to the requirements of Form CRS reporting
  • know about some of the training methods used by firms in connection with the different obligations, as well as some of the challenges
  • be aware of the difference between the requirements for Reg BI and "complying" with Reg BI
  • have an all-around understanding of the ways Reg BI has changed the financial industry

Designed For

This course is designed for Investment Adviser Representatives.

Find this course for your license:

License or Certification