RegEd Named CE Quality Partner by CFP Board

RegEd Named CE Quality Partner by CFP Board

RegEd has been named a “CFP Board CE Quality Partner” after successfully meeting criteria established by Certified Financial Planner Board of Standards Inc. (CFP Board).

As a CE Quality Partner, RegEd has demonstrated a commitment to developing continuing education (“CE”) programs that meet a high set of standards outlined by CFP Board.  To achieve and maintain status as a CE Quality Partner, RegEd agreed to have a random number of self-study and live programs reviewed against a rigorous evaluation rubric developed by CFP Board’s Council on Education.  RegEd is now one of only nine CE Sponsors listed on CFP Board’s website as a CE Quality Partner, and is authorized to identify itself as such on its program materials.

A not-for-profit certifying organization, CFP Board owns the CFP® and CERTIFIED FINANCIAL PLANNER™ certification marks, which it awards to individuals who meet its education, examination, experience, ethics and other requirements.  CFP Board currently authorizes more than 76,000 individuals to use these marks in the U.S., each of whom must complete a minimum of 30 CE hours every two years as part of the requirements for renewal of CFP® certification.

The CE Quality Partner program is part of the multi-year CE Quality Initiative that CFP Board's Board of Directors approved, with the goal of assuring that CFP® professionals have access to a variety of quality CE opportunities that are diverse in their content, format and delivery. CFP Board has implemented several phases of the initiative, focused on improvements to CE standards identified by the Council for Education to better align CFP Board with industry best practices.

“RegEd’s mission is to enable our client firms and end users to grow their business, equipped with the compliance and subject matter expertise they need to consistently meet the requirements of regulators and better serve their customers,” commented Angela Pace, Chief Operating Officer at RegEd. “Designation as a CFP Board CE Quality Partner is validation of our ability to consistently deliver the highest quality course content and education management solutions for our industry.”

About RegEd

RegEd is a leading provider of compliance technology solutions with relationships with more than 400 enterprise clients, including 80% of the top 25 broker-dealers and top 25 insurance companies. Established in 1994 by former regulators, the company is a recognized industry authority and has created the standard of excellence for rule-based and content-driven compliance automation for insurance companies, investment advisors and broker-dealers.  RegEd solutions drive new levels of operational efficiency and enable firms to cost-effectively comply with regulations and mitigate risk.

About CFP Board

The mission of Certified Financial Planner Board of Standards, Inc. is to benefit the public by granting the CFP® certification and upholding it as the recognized standard of excellence for personal financial planning. The Board of Directors, in furthering CFP Board's mission, acts on behalf of the public, CFP® professionals and other stakeholders. CFP Board owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, and the federally registered CFP (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements. CFP Board currently authorizes more than 76,000 individuals to use these marks in the U.S.  For more about CFP Board, visit www.CFP.net.

RegEd Selected as Best in Class Solution for 1st Global’s Enterprise Empowerment Initiative

RegEd Selected as “Best-in-Class” Solution for 1st Global’s Enterprise Empowerment Initiative

RegEd, the leading provider of enterprise Compliance Management, Licensing and Registration and Compliance Education solutions, has announced a partnership with 1st Global, an independent wealth management partner to exceptional CPA firms, to be a part of the company’s Enterprise Empowerment Initiative (EEI). 1st Global recently announced a firm-wide overhaul of its technology infrastructure and RegEd solutions will serve as a key component for the initiative and drive efficiency across a range of critical business processes.

After an extensive due diligence process, 1st Global selected RegEd to manage advertising compliance, registration renewal, firm element training, outside business activities reconciliation, personal securities account management and new advisor licensing as part of the new platform. 1st Global will also utilize RegEd SCORE® Risk Control Center, which delivers a comprehensive view into the status of compliance requirements at the company level or specific to the individual.

“1st Global’s empowerment initiative demonstrates the firm’s ongoing commitment to compliance excellence in enabling employees and partners to adapt to a changing business landscape,” commented John M. Schobel, Chief Executive Officer at RegEd. “The role that integrated technology and effective data management play in an undertaking like this cannot be overstated. We’re pleased that RegEd was selected for the breadth of our solution suite and an unmatched ability to holistically address 1st Global’s rigorous requirements.”

The EEI began to take form more than two years ago when 1st Global’s senior executive team identified the firm’s need to enable its affiliated firms and the people in its own organization to better serve their clients. Over time, the initiative has evolved into the largest investment in internal infrastructure in the company’s 24-year history.

“We are incredibly excited about the launch of the Enterprise Empowerment Initiative, which will deliver the resources and capabilities to enable the continued success of our business,” said Adam Schaub, Chief Compliance Officer for 1st Global Capital Corp. and leader of the new compliance system. “Our affiliated advisors and home office employees benefit greatly from partnering with leading providers like RegEd to ensure that 1st Global’s technology resources represent the gold standard of our industry and enable compliance and operational excellence across the organization.”

About RegEd

RegEd, Inc. is a leading provider of compliance technology solutions with relationships with more than 400 enterprise clients, including 80% of the top 25 broker-dealers and top 25 insurance companies. Established in 1994 by former regulators, the company is a recognized industry authority and has created the standard of excellence for rule-based and content-driven compliance automation for insurance companies, investment advisors and broker-dealers.  RegEd solutions drive new levels of operational efficiency and enable firms to cost-effectively comply with regulations and mitigate risk.

About 1st Global

1st Global was founded in 1992 by CPAs who believe that accounting, tax and estate planning firms are uniquely qualified to provide comprehensive wealth management services to their clients. 1st Global is a research and consulting partner that provides CPA, tax and estate planning firms with the education, technology, business-building framework and client solutions that make these firms leaders in their professions through dedicated professional client relationships built around wealth management. Around 400 firms have chosen to affiliate with 1st Global, making it one of the largest financial services partners for the tax, accounting and legal professions.

Securities are offered through 1st Global Capital Corp., which is a Member of FINRA and SIPC and is headquartered at 12750 Merit Dr., Ste. 1200 in Dallas, Texas, 214-294-5000. Investment advisory services are offered through 1st Global Advisors, Inc. Additional information about 1st Global is available at www.1stGlobal.com.

RegEd Announces Partnership With IRI on Training to Help Industry Professionals Comply With the DOL Fiduciary Rule

RegEd Announces Partnership With IRI on Training to Help Industry Professionals Comply With the DOL Fiduciary Rule

RegEd, the leading provider of Compliance Education and Product Training solutions for the financial services industry, has announced a partnership with the Insured Retirement Institute (IRI) to offer a series of courses for financial professionals and home office personnel as part of a new training initiative. The modules will enable firms in the securities and insurance industries to effectively train employees on the new and changed standards that have been the product of the DOL fiduciary rule.

“Firms must be equipped to prepare their employees and partners to comply with fiduciary rule requirements,” commented John M. Schobel, Chief Executive Officer at RegEd. “As the industry’s understanding of the rule continues to evolve, effective training content will be developed by subject matter experts who are continuously monitoring the regulatory landscape. We’re pleased to be a part of this initiative, which has been shaped with input from more than 800 industry professionals representing more than 100 leading firms.”

RegEd delivers more than 1,250,000 CE courses and insurance certificates annually. Firms rely on RegEd’s regulatory, compliance and education experts for their deep domain expertise and ability to consistently generate timely educational content that enables organizations to effectively prepare their employees to adapt to changing requirements.

“Training will be one of most critical parts of implementing the DOL’s Fiduciary Rule, which is the most massive regulatory change to impact the industry in decades,” said Cathy Weatherford, IRI President and CEO. “We are proud to partner with RegEd on this initiative so that we can support financial professionals and home office personnel through this process by providing them with clear, streamlined and digestible training.”

The first course in the series of training modules is fully developed and will be available in October (insurance CE credit will be applied for).  Module One provides a comprehensive overview of the DOL rule and the Best Interest Contract (BIC) Exemption, including the following sections: About the DOL Fiduciary Rule; Exceptions from the Rule; Being an ERISA Fiduciary; Understanding Your Fiduciary Responsibilities; The Best Interest Contract (BIC) Exemption; Level-Fee Advisors under the DOL Fiduciary Rule; Impact on Advisor Compensation; Recommending Rollovers under the DOL Fiduciary Rule; Impact on Client Relationships; and Special Rules for Proprietary Products and Fixed-Rate Annuity Contracts. This module is appropriate for anyone whose job is affected by the rule.

Three additional modules are also in development, including a two-part course for financial professionals who are fiduciaries under the new rule to meet the requirements of the new best interest standard, and a course focused on the responsibilities of broker-dealer and insurer home office personnel under the rule.

For more information on the DOL fiduciary rule training initiative, contact sales@reged.com.

About RegEd

RegEd, Inc. is a leading provider of compliance technology solutions with relationships with more than 400 enterprise clients, including 80% of the top 25 broker-dealers and top 25 insurance companies. Established in 1994 by former regulators, the company is a recognized industry authority and has created the standard of excellence for rule-based and content-driven compliance automation for insurance companies, investment advisors and broker-dealers.  RegEd solutions drive new levels of operational efficiency and enable firms to cost-effectively comply with regulations and mitigate risk.

RegEd Announces Regulatory Exam Management Capabilities for CODE Enterprise Platform

RegEd Announces Regulatory Exam Management Capabilities for CODE Enterprise Platform

RegEd, a leading provider of compliance technology solutions for the financial services industry, has announced the expansion of the Comply On Demand Enterprise (CODE®) platform to address the multitude of requirements associated with undergoing regulatory exams. Regulatory Exam Management leverages CODE’s enterprise workflow, task management, document management and reporting capabilities to enable firms to drive efficiency throughout the end-to-end exam process.

 “Undergoing regulatory examinations can be costly and time-consuming for financial services firms. With the pace of regulatory change accelerating, the increasing frequency and broadening scope of exams represent significant risk and a drain on resources for firms that fail to manage the process effectively,” commented Debra Freitag, Chief Strategy Officer at RegEd. “With CODE, firms can embed a streamlined, repeatable methodology for managing exams, from pre-exam preparation to fulfillment of post-exam remediation requirements.”

Regulatory Exam Management installs best practices and drives efficiency across all exam management processes, enabling firms to significantly reduce the time and resource commitment required during a regulatory exam. The solution delivers a highly configurable, workflow-enabled framework that facilitates management of data requests, examiner communication, remediation and other key elements of the exam lifecycle. CODE enables exam managers to centrally coordinate exam activities across the organization and provides a full audit trail of the firm’s remediation actions.

CODE enterprise platform capabilities provide robust workflow and task management, while integrated regulatory intelligence delivers actionable, relevant compliance requirements. The combination enables financial services firms to efficiently identify, track and fulfill compliance obligations, dramatically reducing the risk of non-compliance and related consequences.  Other CODE modules include Market Conduct Exam Management, Regulatory Change Management, Policies and Procedures Management, Consumer Complaint Management and Incident Management. CODE is fully configurable, scalable and extendable to enable companies to cost-effectively build on the initial investment as their needs expand and evolve.

RegEd Revolutionizes Producer and Adjuster Licensing Maintenance with Fully Automated Credentialing Data Management Solution

RegEd Revolutionizes Producer and Adjuster Licensing Maintenance with Fully Automated Credentialing Data Management Solution

RegEd, the leading provider of Licensing and Registration technology solutions to the financial services industry, today announced that it has launched Alerts 2.0, a module of its Xchange Enterprise Licensing and Registration solution. Alerts 2.0, through integration with the NIPR Producer Database (“PDB”), will significantly expand the range of data for which firms can receive automated change notifications and systematized, timely reconciliation of changes with the firm’s back-end database.

“Maintaining accurate, up-to-date individual and agency information can quickly become overwhelming for insurers and distributors. With the sheer volume of daily updates, it’s impossible to maintain current records across the firm’s population using a manual process. At the same time, as regulator focus on this process intensifies, inaccurate information can lead to significant consequences,” commented Jacob Spitzley, Senior Product Manager at RegEd. He continued, “Automated monitoring and data reconciliation offer firms a significant reduction in the time and resources required to manually check the PDB for relevant changes, and instill confidence that the firm’s records are consistently synchronized with the official filing office record.”

Using Alerts 2.0 insurers and distributors can automatically identify changes, and then reconcile and synchronize those changes with the firm’s back-end database.

Dani Fields-Damato, Vice President, Marsh USA Inc., which beta tested the solution, commented, “RegEd Alerts 2.0 will increase efficiency and reduce our spending on PDB reports. The service notifies us of data changes as they occur on the PDB, and allows our licensing team to review and sync the data with the touch of a button. The saved PDB reports, audit history, and data comparison features make this functionality a must-have.”

For carriers, Alerts 2.0 will automatically update licensing data without the need to rely on individuals or distributors for updates. Distributors will benefit from automatic notifications on appointments. In the event that producers are appointed by carriers that are not approved or do not have sell agreements, Xchange will notify the distributors immediately, enabling them to take corrective action.

RegEd will host invitation-only webinars in June to demonstrate the unique, innovative capabilities of Alerts 2.0. For webinar information please contact sales@reged.com.

About RegEd

RegEd is a leading provider of compliance technology solutions with relationships with more than 400 enterprise clients, including 80% of the top 25 broker-dealers and top 25 insurance companies. Established in 1994 by former regulators, the company is a recognized industry authority and has created the standard of excellence for rule-based and content-driven compliance automation for insurance companies, investment advisors and broker-dealers.  RegEd solutions drive new levels of operational efficiency and enable firms to cost-effectively comply with regulations and mitigate risk. 

RegEd Completes 3 Million Submissions on Compliance Questionnaires Solution

RegEd Completes 3 Million Submissions on Compliance Questionnaires Solution

RegEd, the leading provider of compliance and risk management technology to broker-dealers and other financial services firms, today announced that its Compliance Questionnaires solution has achieved the milestone of processing 3 million submissions, enabling its broker-dealer clients to efficiently manage their compliance programs.  Today, Compliance Questionnaires is used by more than 400 enterprise clients, including 80% of the top 25 broker-dealers.

RegEd’s Compliance Questionnaires is an enterprise application and part of RegEd’s Compliance and Audit Management platform.  As a core module addressing FINRA compliance regulation, Compliance Questionnaires leverages the platform’s robust workflow engine, enabling firms to design complex workflows that mirror their best practices, and includes multiple reviewer, approval and sign-off stages. In addition, the solution seamlessly integrates with FINRA WebEFT, enabling registered representatives to affirmatively attest to the accuracy of their U4 data on file.

“Integral to maintaining a strong compliance program is the ability to identify and analyze deficiencies and outliers across the representative population and report on the results,” stated Ann Robinson, Senior Vice President, RegEd, and a former senior compliance officer at a large broker-dealer. “For firms with hundreds or thousands of registered representatives, readily identifying and addressing deficiencies before they cause the firm harm is akin to looking for the proverbial needle in the haystack.”

RegEd’s Compliance Questionnaires provides a robust set of integrated, workflow-driven enterprise tools that enable firms to initiate, distribute and track annual compliance questionnaires required by FINRA and address and report on critical compliance deficiencies before risk materializes. A fully configurable solution, Compliance Questionnaires can be specifically tailored to meet firm requirements and enables firms to be fully responsive to document requests from internal stakeholders and regulators, demonstrating a culture of compliance.

"RegEd solutions are implemented in hundreds of broker-dealers, serving hundreds of thousands of advisors, providing us unique insight into the specific challenges the industry faces on a daily basis,” stated John M. Schobel, CEO and Founder, RegEd. “Our clients depend on RegEd’s Compliance Questionnaires solution to reduce non-compliance gaps, eliminate time-consuming and suboptimal processes, and maintain good standing with FINRA regulations.”

Schobel continued, “Achieving the milestone of 3 million compliance questionnaire submissions illustrates the dependability and effectiveness of RegEd solutions. Implementing innovative technology that keeps our clients out in front of increasing compliance demands is a key driver at RegEd. We continue to look for ways to leverage technology to pinpoint potential risk and enable more efficient operations.”

About RegEd 

RegEd is a leading provider of compliance technology solutions with relationships with more than 400 enterprise clients, including 80% of the top 25 broker-dealers and top 25 insurance companies. Established in 1994 by former regulators, the company is a recognized industry authority and has created the standard of excellence for rule-based and content-driven compliance automation for insurance companies, investment advisors and broker-dealers. RegEd solutions drive new levels of operational efficiency and enable firms to cost-effectively comply with regulations and mitigate risk.

Leading GRC Analyst Evaluates RegEd’s CODE Enterprise Platform for Regulatory Change Management and other Core Compliance Functions

Leading GRC Analyst Evaluates RegEd’s CODE Enterprise Platform for Regulatory Change Management and other Core Compliance Functions

RegEd, a leading provider of compliance technology to the financial services industry, has published an Analyst Report from GRC 20/20 Research, an independent analyst of governance, risk management, and compliance solutions (GRC). The report, authored by Michael Rasmussen, President of GRC 20/20, offers an objective evaluation of the CODE enterprise platform based on an extensive technical capabilities assessment and in-depth interviews with RegEd clients. The report describes CODE as delivering "an integrated and harmonized architecture to manage compliance in the context of today’s demanding requirements," and commends RegEd’s subject matter expertise as indicative of an “intimate understanding of regulatory change, particularly for financial services.”

Remarking on the report, Mr. Rasmussen said, “Firms across the financial services sector face a daunting challenge in managing regulatory change. The volume of new and changed rules and regulations continues to grow at an unprecedented rate, while assessing the impact each change will have on the business becomes more complex.” Rasmussen continued, “Against this backdrop, firms that rely on a manual, document-centric approach to monitoring and managing regulatory changes are bound to fall short. Organizations must have a systematic process for managing regulatory changes and a holistic view of compliance that extends to areas including policies and procedures, regulatory exams, and incidents and complaints. Based on our evaluation, CODE provides a framework for managing these critical compliance processes and enables RegEd clients to improve efficiency and manage non-compliance risk.”

The report offers a distillation of RegEd customer insight, including the factors that typically result in selection of the CODE platform. “Most RegEd clients that GRC 20/20 has researched and interviewed moved to the CODE solution because they found their manual, document-centric approaches consumed too many compliance resources, and, as a result, compliance obligations were slipping through cracks in the continuous barrage of regulatory change. Other organizations moved to CODE because their existing compliance management solutions were too rigid and lacked the agility to adapt or could not address the entire compliance process,” the report states. It continues, “RegEd clients choose the CODE platform for its workflow and task management capabilities, price, accuracy of regulatory information, and ease of use, which helps drive ready adoption across the organization.”

In the report, Mr. Rasmussen outlines the core capabilities of CODE that facilitate management of regulatory change, policies and procedures, regulatory exams and incidents/complaints. Among those cited as “foundational capabilities” are the solution’s high degree of configurability, integrated proprietary regulatory intelligence, sophisticated workflow and task management, enterprise reporting and dashboards, audit trails, document management, and robust functionality supporting compliance questionnaires, assessments and surveys.

Based on in-depth interviews with RegEd clients, the report summarizes the benefits that have been realized by firms as a result of utilizing the CODE platform. Among other outcomes, the author cites significant efficiencies in time gained through automation of workflow and tasks, improved accuracy and uniformity of compliance information, enhanced accountability and ownership of compliance responsibilities and streamlined relevance/impact analysis of regulatory changes.  In addition, RegEd clients indicated CODE enables increased transparency and visibility into the status of compliance tasks and audit trails that support a defensible, evidence-based approach to compliance that regulators demand. The report concludes, “GRC 20/20 finds that RegEd CODE provides the greatest value in managing the lifecycle of compliance information across regulations, policies, incidents, and exams. As many organizations respond to growing regulatory requirements exposure they are finding the need for a solution to automate the lifecycle of compliance across these areas.”

“We’re happy to have the value that CODE delivers validated by RegEd’s customers and further confirmed by independent research,” said Debra Freitag, Chief Strategy Officer at RegEd. She continued, “As organizations move beyond manual approaches to compliance and look to reinforce their enterprise GRC architecture, we’re confident that CODE represents a solution that uniquely combines deep domain expertise with robust enterprise technology, providing unparalleled benefits in compliance management efficiency and effectiveness.”

 
About RegEd

RegEd is a leading provider of compliance technology solutions with relationships with more than 400 enterprise clients, including 80% of the top 25 broker-dealers and top 25 insurance companies. Established in 1994 by former regulators, the company is a recognized industry authority and has created the standard of excellence for rule-based and content-driven compliance automation for insurance companies, investment advisors and broker-dealers.  RegEd solutions drive new levels of operational efficiency and enable firms to cost-effectively comply with regulations and mitigate risk.

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