Fiduciary Risk and Fiduciary Risk Management - Includes Suitability – Evaluation, Management & Disclosure

All firms and persons acting in a fiduciary capacity with respect to a function they perform must fully understand the duties and responsibilities of serving in a fiduciary capacity, what constitutes fiduciary failure and the consequences of such failure. It is therefore imperative that fiduciaries understand the risks associated with being a fiduciary, the conditions that can give rise to a fiduciary risk event and the risk management processes that should exist to manage fiduciary risk.

WHY SHOULD YOU ATTEND?

Individuals that should attend this training are persons who serve in a fiduciary capacity as individuals or as members of a fiduciary activity within a business as well as individuals who serve in a senior management, risk management, compliance or audit oversight capacity of activities with fiduciary responsibilities. This training would also be of value to regulators who also must address businesses with fiduciary activities under their supervision.  Lastly, it would also be of value to  

colleges and universities with risk management as part of a degree curriculum

AREA COVERED

• An understanding of fiduciary-like responsibilities
• An understanding of potential causes of fiduciary risk events within fiduciary functions
• A focus on suitability and disclosure as potential causes of fiduciary risk events

In addition, the presentation will establish the functions that contain fiduciary responsibilities, site the laws and regulations that govern fiduciary activities and address the recent new DOL Fiduciary Rule

LEARNING OBJECTIVES

This presentation will provide:

• An understanding of fiduciary roles and fiduciary risk
• An understanding of fiduciary risk conditions and fiduciary risk events
• An understanding of fiduciary risk consequences

WHO WILL BENEFIT?

• EVP/SVP – Investment Management
• EVP/SVP – Private Bank
• Relationship Managers - Investment Management
• Asset Managers - Investment Management
• Relationship Managers – Private Bank
• Fiduciary Business Manager
• Fiduciary Risk Management Manager
• Fiduciary Compliance Management Manager
• Fiduciary Audit Manager
• Trustee