Reg BI Documentation Form for Client Recommendations

Compliance with Regulation Best Interest (Reg. BI) continues to be a concern of regulators. The customizable Reg. BI Documentation Form for Client Recommendations serves as an important tool to document what the broker-dealer’s investment professional has reviewed or considered for recommendations, including reasonably available alternatives. The form documents recommendation type (product or account related), account type (brokerage/advisory), and the materials or information reviewed to support that the recommendation was in the best interest of the client.