Tax season can be a stressful time of year for everyone, but it's an especially painful time of year for brokerage and financial services operations professionals. With tax season just around the corner, we've compiled a list of the top challenges operations professionals face from January through April. Join us in the commiseration by telling us your most obnoxious tax season challenge! We will select one lucky winner, who will win a solution to help solve their problem. Submit your entry at the page below, and feel free to draw inspiration from our list of tax season challenges below.
Last week, we had the opportunity to attend NAILBA’s 35th Annual Meeting in Dallas, Texas. The meeting is one of the premier events for the independent life brokerage industry, and this year’s event was no different. One of the key takeaways this year was the rapid expansion of new technologies available to the life insurance industry. Today—more than ever before—life insurance carriers, agents and distributors have the ability to improve customer experiences, save money and maximize efficiency, all thanks to emerging technologies.
Everyday we work with clients to improve their processes. The processes may be different – client onboarding, account maintenance or money movement – but they all have one thing in common: they are all designed to streamline the work.
IFS is excited to be a sponsor for the 35th annual NAILBA conference in Dallas, TX, later this week. NAILBA is one of the largest gatherings for the independent life brokerage industry, and we look forward to meeting clients, partners and key industry players to better understand the needs of the life brokerage industry.
Last week, several of our team members of our prodcut and business development teams had the opportunity to attend the T3 Enterprise Conference in Las Vegas. In addition to all the Vegas fun, networking events and exhibit hall, one of the top highlights from the conference as our session on using technology to fight DOL-related fear. Our Director of Product Management Randy Barnes led the discussion on how technology can and should be used for DOL Fiduciary Rule compliance and demonstrated our DOL Advisor Toolkit, a comprehensive solution for DOL compliance.
The media coverage of the Department of Labor’s fiduciary rule’s impact on annuities has been incredible. The media have covered everything from how the rule is driving annuity product innovation and prompting the migration of advisors from commission sales to fee advice business models, to the ways product distribution methods will be affected. But, there is one change that has not received a lot of attention: the way advisers will need to service existing annuity clients.
The Labor Department issued its first round of responses to Frequently Asked Questions about the fiduciary rule released earlier this year. The Labor Department plans on sending a total of three rounds of responses to FAQs. This first round of Q&A (34 questions and answers) are related to the best-interest contract exemption and prohibited-transaction exemption. The second round of FAQs is expected to be shared soon according to Ms. Borzi, the assistant secretary of labor at the department’s Employee Benefits Security Administration. You can view the entire FAQ document here.
IFS is excited to be a sponsor for the Technology Tools for Today Enterprise Conference, one of the largest gatherings of broker dealers to explore technology and enterprise solutions. If you'll be in Las Vegas next week for the conference next week, be sure to come by our exhibit at Booth 221 to learn about IFS's new offerings for DOL compliance and our proven automation solutions for onboarding, account maintenance, asset movement and managed accounts.
Topics: IFS Events
We are excited to announce that we have been selected as one of the Charlotte Business Journal's Fast 50, a list of the top 50 fastest growing private companies in the Charlotte area. The winners are determined based on annual growth over a three-year period. Last year, IFS ranked No. 19 on the list. This year's ranking will be announced at the Awards Dinner on December 8. We are grateful to receive this honor again and want to congratulate all the other local companies on the list! It's truly an honor to be in such good company. As always, we know our success would not be possible without our loyal clients, dedicated partners and hard-working employees. Cheers to another year on the CBJ Fast 50!