Financial advisors have to make presentations almost every day. This can include presenting earnings reports, introducing new product offerings, and discussing marketing and sales materials with clients.
The majority of the information in advisors’ presentations can be highly sensitive. Legal and financial content, which constitute a significant portion of what is being presented, must be compliant, accurate and up to date. These requirements make the presentation process more difficult. Getting compliance to approve content can be time consuming and complicated.
However, failure to ensure compliance in presented content can lead to regulatory bodies – including the Financial Industry Regulatory Authority (FINRA) and the Security Exchange Commission (SEC) – levying significant fines on your financial advisory practice. These fines, and the resulting negative press, can have a serious impact on your business’ bottom line.
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