Register Today for Oyster’s DOL Risk Assessment Webinar

On April 6, 2016, the U.S. Department of Labor (DOL) released its final regulation (DOL Rule) defining the circumstances under which a financial professional will be deemed to be a fiduciary.  Among the critical initial steps that firms should be taking are an assessment of the potential impact of the rule and a gap analysis… READ MORE

Oyster Consulting LLC Wins Fund Consultancy Services Firm of the Year Award

Oyster Consulting LLC was recently awarded the 2016 Fund Consultancy Services Firm of the Year award. The Global Fund Awards is an international awards programme that recognises performance and service providers who support the global finance industry. The judging panel at Corporate LiveWire placed each shortlisted candidate under intense scrutiny, setting its sights firmly on… READ MORE

Oyster Consulting (Bermuda) Ltd. Hosts Regulatory Compliance Seminar

Oyster Consulting (Bermuda) Ltd hosted its inaugural Regulatory Compliance Seminar on 26th July 2016. Panelists discussed changes to Bermuda’s Anti-Money Laundering/Anti-Terrorist Financing requirements, Cybersecurity and Conducting Investment Advisory Business in the U.S. “Over the past year,” said Oyster Consulting (Bermuda) Consultant Henry Komansky, “Bermuda has been updating its legislation to address gaps in the AML/ATF… READ MORE

Bermuda Welcomes Global Fund Administrator

Centaur Fund Services opened for business this week in Hamilton, Bermuda.  Already domiciled in London, Dublin and New York, the firm with $12 billion in Assets Under Management will use the island as a strategic base from which to service its global clients. “Bermuda’s location makes doing business with the US ideal,” said founding partner… READ MORE

Fiduciary Status Under The New DOL Rule — Frequently Asked Questions

On April 6, 2016, the U.S. Department of Labor (DOL) released its final regulation (DOL Rule) defining fiduciary, which expands the circumstances under which financial professionals become fiduciaries for purposes of ERISA and the prohibited transaction provisions of the Internal Revenue Code, as a result of providing investment advice. The DOL also issued two new… READ MORE

New SEC Rule – Plan to Fail

Benjamin Franklin once said “If you fail to plan, you are planning to fail”. But the SEC this week issued a new rule proposal that requires you to create a plan to fail. And it is a really good idea. The proposed rule will require SEC-registered investment advisors to adopt and implement written business continuity… READ MORE

Oyster Consultant Komansky, Panelist in HFM Week Special Report – Bermuda 2016

Oyster Consulting (Bermuda) Senior Consultant Henry Komansky is a featured panelist in the HFM Week’s Special Report, Bermuda 2016.  Henry, Sean Moran (BDA), Tonesan Amissah (Appleby), Ken Mahadeo ( Apex Fund Services) and Craig Bridgewater (KPMG) discussed Bermuda’s development as a domicile. “Bermuda continues to enhance its anti-money laundering/anti-terrorist financing regime with amendments to various… READ MORE