Course Description

The regulatory world is complex for financial advisors. Not only are you subject to SEC and FINRA regulations, but also what the IRS does as well. Clients expect you to be on top of what is happening in the world of investing, insurance, and taxes. It is not enough to just know the code section or the final rule affecting them. Your clients want to know how changes and updates affect their financial well-being. And what if you are a Certified Financial Planner? Then we need to worry about CFP Board too! It is enough to make your head spin! That’s where our quarterly practice and regulatory update can help. In this 4-hour update, we will discuss regulatory happenings from many different areas that affect financial advisors. Don’t worry. We won’t just hurl code sections at you. Using practical and easy to understand examples, we will illustrate the concepts that mean the most to you – so you will be well-prepared for the many things that a client throws your way!

Learning Objectives

  • Recognize new tax requirements, as well as proposals and the timeline for implementation.

  • State changes in RMD requirements in light of recent guidance.

  • Identify updates to FAQs related to the SEC Marketing Rules for Investment Advisors.

  • Recall registration requirements for RIAs

  • State updates to CFP Credentialing requirements

  • Identify DOL considerations for determining employee versus independent contractors in light of recent guidance

Additional Required Materials

  • Level: Update

  • Field of Study: Finance (NASBA); Professional Conduct & Regulation (CFP), Federal Taxation (IRS)

  • Who Should Attend: Experienced tax professionals and financial advisors

  • Required Knowledge: Previous experience in financial planning, investment management, or other related financial professional fields.

  • Advanced Prep: None

Instructor

CPA, CPCU, MST, MBA David Peters

David Peters is the Founder and Owner of Peters Tax Preparation & Consulting in Richmond, VA. He has over fourteen years of experience in financial services, including 3 years in the hedge fund industry and six years in the insurance industry. David was the first-ever Chief Financial Officer at Compare.com - a position he held for over three years. He is a national CPE Instructor/Discussion Leader for the AICPA, Surgent, and Kaplan. He regularly teaches courses in accounting, finance, insurance, and ethics throughout the United States. He holds four Masters degrees and contributes regularly to various CPA publications, including NCACPA’s Interim Report, SCACPA’s CPA Report, and VSCPA’s Disclosures. He was also a co-author of the 2018 Virginia CPA Ethics course – a required course for all CPA’s licensed in the Commonwealth of Virginia.