DOL FIDUCIARY RULE AND RETIREMENT ACCOUNTS

Our DOL Fiduciary Rule solutions provide a holistic approach to complying with the rule. They range from building understanding of the rule’s tenets and business impacts to implementing and adopting business practice changes. We offer solutions in four areas:

1. Strategic response – We empower clients with an understanding of the overall effect of the revised fiduciary standard and its impact on people, processes and technology. We then guide clients in assessing business response options, defining business impact scenarios and determining their optimal solution.

2. Operating model assessment – Capco helps clients identify which of their retirement segment, business functions and business model processes will be impacted. Then, we identify any gaps in current and planned initiatives and develop a business and technical architecture.

3. Retirement transformation office – We act as a central hub for managing all aspects of change resulting from DOL regulation. From this focal point, Capco supports clients in multiple ways, including creating a program governance structure and status reporting, scope and charters for each work stream, and the buildout of a communication and education plan for customers, advisors and employees.

4. Change management and implementation – Our team can assist in solutions execution, defining project plans and relevant timelines, finalizing the detailed solution designs and collaborating with ongoing projects to take advantage of existing build and test infrastructure. We will also work with stakeholders on communications to support training and adoption.