In this Oyster Stew episode our experts unpack what regulators expect and how firms can build strong processes around Reg Bi and account type recommendations recommendations.

· What Makes an Account Recommendation “Best Interest”?

· Balancing Cost and Services.

· Special Considerations in Practice Transitions.

· Avoiding Double Dipping.

· Documentation: Showing Your Work.

Oyster Consulting has the expertise, experience and licensed professionals you need, all under one roof. Follow us on LinkedIn to take advantage of our industry insights or subscribe to our monthly newsletter.

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In Part 2 of this Oyster Stew conversation, Ed Wegener continues the discussion with compliance experts Brent Nicks and Len Derus—this time focusing on the most pressing challenges firms face in applying Reg BI and fiduciary duty in practice: documentation, compensation conflicts, and rollover recommendations.

What You'll Learn in Part 2

• Documentation Expectations: When to document recommendations—and when not to—including product complexity, costs, and client-specific factors.
• Supervisory Oversight: Why cookie-cutter rationales can create risk and how firms can monitor for consistency across reps.
• Compensation Conflicts: Practical strategies for mitigating compensation-driven incentives and leveling payouts to reduce bias.
• Rollover Recommendations under PTE 2020-02: How to document IRA rollovers, justify added costs, and align practices with both Reg BI and fiduciary standards.
• Technology vs. Forms: The pros and cons of manual versus technology-driven documentation processes—and how to strike the right balance.
• Training and Monitoring: How tailored training and compliance monitoring help ensure reps are following procedures and avoiding systemic risks.

Oyster Consulting has the expertise, experience and licensed professionals you need, all under one roof. Follow us on LinkedIn to take advantage of our industry insights or subscribe to our monthly newsletter.

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While the core principles of Reg BI and investment advisor fiduciary duty remain consistent, regulatory expectations continue to evolve through examinations, enforcement actions, and formal guidance.

In Part 1 of this conversation, our experts explore the foundational similarities and differences between Reg BI and fiduciary duty, unpack how regulators are sharpening their focus on documentation, conflicts of interest, and the firm-level processes that shape recommendations.

Oyster Consulting has the expertise, experience and licensed professionals you need, all under one roof. Follow us on LinkedIn to take advantage of our industry insights or subscribe to our monthly newsletter.

Does your firm need help now? Contact us today!

Dive deep into the crucial foundation every organization should have in place before successfully integrating AI into its operations. In Part 4 of our special AI Series with Carolyn Welshhans of Morgan Lewis, our expert panel explores:

· Key Strategies for Building Effective AI Governance Frameworks

· AI Policies to Your Firm’s Risk Profile and Systems

· Overcoming Legacy Technology Challenges in AI Adoption

· The Critical Role of Data in AI Readiness

Listen and learn as our panel provides actionable guidance for conducting comprehensive readiness assessments covering governance structures, strategic alignment, data management, model risk frameworks, and technology infrastructure.

Oyster Consulting has the expertise, experience and licensed professionals you need, all under one roof. Follow us on LinkedIn to take advantage of our industry insights or subscribe to our monthly newsletter.

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Powerful AI tools are rapidly transforming financial services, but beneath the promise of efficiency lurks significant risk. For firms eager to harness AI’s power while avoiding costly missteps, strategic planning and sound governance are non-negotiable. In Part 3 of our special Oyster Stew podcast series with Morgan Lewis, our panel of experts uncovers the practical realities facing firms implementing artificial intelligence solutions today:

· Are your policies and strategies setting you up for success, or a compliance nightmare?

· What are the legal repercussions when AI systems fail, like placing erroneous orders?

· How can strong governance, data quality, and human expertise drive successful AI adoption?

Oyster Consulting has the expertise, experience and licensed professionals you need, all under one roof. Follow us on LinkedIn to take advantage of our industry insights or subscribe to our monthly newsletter.

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In this second installment of our special Oyster Stew podcast series, experts Pete McAteer, Dan Garrett and Jeff Gearheart from Oyster Consulting and Carolyn Welshhans from Morgan, Lewis & Bockius LLP dive deep into how firms can navigate regulatory scrutiny while leveraging AI's potential.

Whether you’re evaluating new fintech tools, implementing generative AI, or managing governance across platforms, this series offers essential insights from industry veterans with decades of hands-on experience in wealth management, trading, technology, and SEC enforcement.

Oyster Consulting has the expertise, experience and licensed professionals you need, all under one roof. Follow us on LinkedIn to take advantage of our industry insights or subscribe to our monthly newsletter.

Does your firm need help now? Contact us today!

In this special series of the Oyster Stew podcast, Oyster Consulting’s Pete McAteer, Dan Garrett and Jeff Gearhart team up with Carolyn Welshhans, a partner at Morgan, Lewis & Bockius LLP, to unpack the real-world applications, regulatory risks, and emerging opportunities of AI.

In our kickoff episode, the panel explores how firms are already leveraging AI to drive compliance efficiency, manage operational workflows, and reduce false positives in surveillance systems—starting with smarter email review.

Whether you're evaluating new fintech tools, implementing generative AI, or managing governance across platforms, this series offers essential insights from industry veterans with decades of hands-on experience in wealth management, trading, technology, and SEC enforcement

Oyster Consulting has the expertise, experience and licensed professionals you need, all under one roof. Follow us on LinkedIn to take advantage of our industry insights or subscribe to our monthly newsletter.

Does your firm need help now? Contact us today!

In this episode of the Oyster Stew podcast, Oyster Consulting’s Ed Wegener and Bryan Jacobsen break down how firms can implement risk-based monitoring, tailor training for frontline roles, conduct effective investigations, and ensure your firm’s Suspicious Activity Report (SAR) filings are what regulators require.

Key Takeaways

• What regulators expect from your AML compliance program
• Risk-based surveillance: Going beyond cookie-cutter monitoring
• How to tailor red flag training by employee role
• Investigating suspicious activity: When to file a SAR, how to do it right
• Leveraging third-party vendors for transaction surveillance and case management
• Common mistakes firms make—and how to avoid them

Oyster Consulting has the expertise, experience and licensed professionals you need, all under one roof. Follow us on LinkedIn to take advantage of our industry insights or subscribe to our monthly newsletter.

Does your firm need help now? Contact us today!