The Need For Overhauling Cybersecurity In A Post-Reg BI Landscape
From Financial Advisor:
The recent passage of Reg BI comes at a time when the advisor-client relationship is already becoming more collaborative, open and transparent. The future of advice will be one in which clients are empowered by technology to work with their advisors to take further ownership of their financial lives.
In this new world, advisors are not only expected to have their clients’ best interests foremost in all that they do, but are increasingly expected to be accessible at virtually all times via a broad range of communications channels, including mobile devices, online collaboration tools and third-party websites. It’s a foundational evolution for our industry and a generally positive shift that will allow advisors to serve more clients and offer them better service than was possible even a decade ago.