Paul Swanson | Source | Vice President, Retirement at Cuna Mutual Group

The new disclosures required by Reg BI (Form CRS and the Recommendation Disclosure) provide key information about working with financial professionals, and the firms that employ them, regarding how they work, fees and expenses, and potential conflicts of interest. The four ‘obligations’ (Care, Disclosure, Conflict of Interest, Compliance) of Reg BI reinforce the goals of ensuring the advice given to customers is not tainted by conflicts of interest and that such advice is directly related to the customer’s needs, financial circumstances and objectives.