Press Releases

1st Global DOL Rule Task Force to Lead Workshop on Fiduciary Rule at Communities Event

Jul 12, 2016

Leading research and consulting partner to CPAs committed to educating advisors on new Conflict of Interest Rule

DALLAS --(BUSINESS WIRE)

1st Global, an independent wealth management partner to exceptional CPA wealth management firms, recently announced that it established an inter-department task force in February 2016 designed to address the Department of Labor (DOL) Conflict of Interest Rule regarding the role of fiduciaries within the professional advice industry. The 1st Global DOL Rule Task Force is led by 1st Global Senior Retirement Platform Consultant Mindy LeMoine and includes nine members from the firm’s Retirement Management Solutions, Investment Management Solutions, Information Technology, Marketing, Regulatory Principal, Operations, Business Development and Finance departments.

“At 1st Global, we firmly believe that CPAs have a unique opportunity within the financial services industry, due to the fact that they are widely recognized among our country’s most trusted professionals,” executive sponsor of the DOL Rule Task Force and Client Experience Officer Jeff Magson said. “Our goal with this task force is to ensure that our advisors understand not only how this rule impacts their businesses but how it impacts their clients, as well. We have dedicated an enormous amount of resources to fully understanding the rule, executing the required changes and, most importantly, educating our advisors.”

Since early February, the DOL Rule Task Force has been providing 1st Global’s expansive advisor network with critical education on the DOL’s fiduciary rule with topical webinars, answers to various FAQs, outside commentary provided by key subject-matter experts, weekly communications and a specially created resource center regarding the DOL Conflict of Interest Rule on the company’s financial advisor portal.

1st Global’s DOL Rule Task Force has already begun to educate its advisor network and plans to address the topic in depth at its upcoming Communities* event, where the firm has dedicated an entire day to reviewing challenges and opportunities for financial advisors, the impact of the DOL rule in investment products, and the evolution of the fiduciary standard. The event will feature an in-depth conversation between Financial Services Institute President and Chief Executive Officer Dale Brown and 1st Global President David Knoch as well as interactive sessions focusing on best practices for managing their businesses and the client experience in a fiduciary world.

*Note: The 1st Global Communities event is available to 1st Global affiliated financial advisors and wealth management assistants only. The event is not open to the public.

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 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.

1st Global Capital Corp. 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 offered through 1st Global Advisors, Inc., an SEC-registered investment adviser. Additional information about 1st Global is available at www.1stGlobal.com.


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