News | 01.04.22
Kick Off the New Year With Industry Hot Topics
Happy New Year! As we enter 2022, the financial services industry is anticipating further developments on some of 2021’s top news and trends. Take a look at some of the industry news from 2021, featured on BISA’s own Portfolio, that is likely to continue to evolve in 2022.
With so many apps and clients wanting to participate in it, cryptocurrency is a part of mainstream investments now. There are still many questions and uncertainty, as detailed by SEC Commissioner Hester Peirce. With the quick rise of crypto and the increased interest from clients, the industry still awaits for news and developments on how it will be regulated and if Congress will step in and give a more hands-on approach.
- Form CRS
In December, the U.S. Securities and Exchange Commission informed brokerages and advisory firms that Form CRS will require less jargon and more colloquial language that is easy for clients to understand. Firms must also clearly disclose their fees and conflicts of interest. This is so that relationships between clients and firms are established on mutual understanding of terms, conditions and interests, as well as trust.
In an effort to diversify the financial services field, it is now more important than ever to provide an inclusive environment for people of color in investment firms. Learn more about how effective diversity is in the workplace, why breaking bad habits will create a safe community and what you can do as a leader to create more diversity.
The industry has changed since the start of the pandemic, which means that change within the industry is necessary. Strong leadership is critical in these still-rocky times, and financial advising now requires new standards to accommodate for clients and their needs.
As we start anew with 2022, there are already many new industry hot topics emerging – many of which will be covered here on Portfolio. We look forward to another year full of member accomplishments and exciting developments for the industry.
Want to hear more about evolving industry topics and trends like these? BISA’s 2022 Annual Convention will feature various news and developments. Register before January 18 for early bird rates.