Confident Reform Requires Clear Pathways

Understanding the practical implications of proposed reforms is essential for stakeholders, particularly for policymakers who need assurance that new advisory categories will effectively integrate into the industry. Establishing institutional mechanisms to foster these changes is crucial, as is gaining confidence that organizations will partner with these new advisors to deliver market offerings. The success of such reforms hinges on the regulatory ability to provide actionable information and advice to members. Furthermore, proof of consumer benefits derived from affordable, scoped advice is necessary to encourage adoption. Ultimately, the goal remains to improve access to financial advice across different income levels, beyond just traditional investment fund structures.