PIEtech℠, Inc. Crowdsources the Definition of Good Advice with the Release of a New Book to Help Financial Advisors and Investors Navigate the Post-DOL World

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40 Financial Industry thought leaders come together as contributing authors in an unprecedented collection of insight and advice.

PIEtech℠, Inc., the creator of the leading financial planning software, MoneyGuidePro®, officially crowdsourced the definition of good advice and a quality financial plan with the release of a new book titled Exploring Advice: What You Need to Know About Good Financial Advice, a Quality Financial Plan and the Role of a Fiduciary.

Written by the firm’s President Kevin Knull, CFP® and 39 contributors, the book shares a balanced, researched, and robust exploration of best practices that can improve the quality of advice and financial plans. It also shows how a quality plan is an effective and prudent solution to help firms and advisors comply with the DOL/Best Interest Standard requirements. The book seeks to initiate a conversation during a time when firms and advisors seek to improve the quality of advice in an increasingly challenging environment, and helps advisors examine ways to better serve the best interests of their clients.

In this unprecedented forum, Knull brings together 39 of the industry’s most sought after thought leaders including CEOs and executives from wirehouses, regional, independent and retail broker-dealers, global and regional banks, investment advisory firms, consultants, a leading ERISA attorney and even a former U.S. Securities and Exchange Commissioner. These contributors share their unedited insight about good financial advice, the components of a quality financial plan and the role of a fiduciary in today’s environment. Data from over 1 million plans and survey results from 1,653 financial advisors add depth and breadth to these insights.

The desire to “Explore Advice” led to writing this book, which addresses the revolutionary shift happening in the financial industry driven by five key factors: the Department of Labor’s (DOL) new regulations, asset management commoditization, fee compression, an increasingly competitive environment and a more informed consumer.

“While the principles-based Conflict of Interest rules redefine the financial advisor’s role and responsibilities and require an advisor to act in the retirement investor’s best Interests, the rules do not provide a clear path as to how advisors and their firms must meet those requirements. The objective of this book is to prompt anyone who provides advice to explore what it means to render good advice and a quality financial plan – which we think is the most prudent and easiest way to meet the spirit of the DOL regulations,” said Kevin Knull, CFP®, President of PIEtech℠.

“In a post-DOL environment, retirement advice will go well beyond investment advice and products, and we, as an industry, will need to elevate the quality of advice provided. Asking the right questions, thoroughly evaluating retirement clients’ full financial circumstances and developing practices to ensure advisors act in the clients’ best interests will be critical to any firm’s success,” continued Knull. “I believe this is a must read for anyone who provides or receives financial guidance. If everyone takes away just one point that helps them render, receive or “Explore” quality financial advice – then we have accomplished what we set out to do.”

For the full list of Contributors and to purchase the book please visit http://www.ExploringAdvice.com.

About PIEtech℠, Inc.
PIEtech℠, Inc.’s vision is that everyone needs and deserves a quality financial plan. PIEtech℠ is the creator of MoneyGuidePro®, the industry’s leading financial planning software, myMoneyGuide®, an online guided planning solution that allows firms to broadly offer financial planning, and Best Interest Scout℠, a standalone, scalable discovery solution to help firms of all types obtain necessary client information. For more information on PIEtech℠’s powerful financial planning solutions, please visit http://www.moneyguidepro.com.

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Suly Salazar-Layton
PIEtech, Inc.
+1 (804) 744-5900 Ext: 122
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