In order to protect their investors and clients, advisors are required to implement compliance programs and policies to adequately meet regulatory requirements. Implementing technology allows advisors to test compliance programs to identify gaps and risks.
ComplySci helps compliance professionals monitor conflicts of interest related to personal trading, gifts and entertainment, political contributions, outside business activities, and marketing materials. ComplySci empowers investment advisors to effectively stay ahead of risks, helping to gain and maintain client trust.
“The rules of the road have changed, and leading Compliance organizations are embracing a new, innovation-driven mindset.”–Accenture 2018 Compliance Risk Study
PROACTIVELY IDENTIFY RISKS
Safeguard Your Firm’s Reputation
When firm preclearance requests, disclosures, and approvals are managed in email or outdated technology solutions, there are inherit risks of human oversight when reconciling employee requests with actions. By automating preclearance requirements and disclosure workflow, while directly collecting holdings and transactions details from representatives, ComplySci makes it easy to identify inconsistencies in employee behavior and address potential risks before they are uncovered during an examination.
Protect Your Clients
When an investment advisor is charged with an enforcement action, the firm faces costs associated with business disruption, productivity losses, lost revenue, fines, penalties, and settlements costs; these not only weaken a client’s trust, but also often dilutes the client’s returns. Implementing a solution like ComplySci demonstrates firm-wide compliance and mitigates risks related to employee activities, giving your clients confidence that they are making a smart investment.
Unlock the Strategic Potential of Compliance
When you manually monitor your employees’ adherence to the Code of Ethics, the majority of your work quickly becomes administrative. However, by automating compliance tasks, ComplySci reduces time spent monitoring employee activity by 70%, allowing compliance officers to spend more time analyzing and improving the strength of their compliance program.