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How to Effectively Communicate Dealer / Custodian Resignation Activities

How to Effectively Communicate Dealer / Custodian Resignation Activities

Is Your Firm Prepared?

According to ICI whitepaper regarding the DOL final rule defining “fiduciary,” certain financial intermediaries (and mutual funds in limited circumstances) may choose to resign as Broker-Dealer of Record or both Broker-Dealer of Record and Custodian.

Delta Data anticipates the needs of the parties affected by the DOL Fiduciary Rule change.

This webinar focuses on the need for structured, high volume communications between counterparties throughout the resignation process and how to apply industry recommended practices related to the resignation process including:

  • Critical communication topics
  • Necessary data points
  • Methods for completing the resignation
  • Event process flows
  • File transfer
  • Fund-side receipt, consumption and verification of execution


Also learn how to clearly, timely and securely communicate information associated with these resignation events:

  • Timing
  • Number and Type of Accounts
  • Account detail data
  • Manual or NSCC processing


Who will benefit from this information??

  • Broker-Dealers
  • Trust Companies
  • Insurance Companies
  • Servicing Companies
  • Record Keepers
  • Fund Companies

Webinar Hosts


Jason Griffin

Jason is SVP of Products at Delta Data. His experience in information technology spans back-office operations, risk-based predictive analytics, implementation activities, business design, quality assurance testing, and relationship management. Prior to joining the Delta Data Team, he spent over 18 years at the world’s largest third party credit processor serving in Sales, Client Consulting, and Account Executive roles.


Jason Davenport

As a product manager at Delta Data, Jason works extensively with the strategy of helping Asset Managers and Distribution Firms communicate effectively around core areas such as compliance, fee and revenue management, and back office corporate action events. He has 14 years of experience in B2B financial technology.




On October 24, the ICI’s Dealer Resignation Working Group released their findings in a white paper: “Operational Process Flows and Considerations Related to Dealer/Custodian Resignations in Response to the Fiduciary Rule.”

Under DOL’s new definitions, many Broker Dealers have determined that accounts that meet certain criteria can no longer be supported by their platform under the DOL fiduciary standards. The anticipated high volume of account resignations anticipated will require efficient processing. The ICI Dealer Resignation Working Group’s white paper outlined the anticipated use cases and how to best address each.

Listen to the Webinar by Clicking Here


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