Compliance Solutions for Wealth Management
Compliance Solutions for
Due to the volume and complexity of regulations such as Consumer Duty and MiFID II, manual compliance processes have become impractical.
With a lack of tools to implement changes required by new regulations, wealth managers find it hard to execute compliance processes properly and on time. Failure to track effectively and hit deadlines exposes firms to compliance risks.
To meet these needs, Ruleguard brings a comprehensive set of capabilities that helps wealth management firms overcome their regulatory challenges.
Why Ruleguard for Wealth Management?
Robust Audit Trail
Maintaining accurate records and demonstrating compliance with consumer disclosures, communications and reporting is facilitated via workflows and assigning tasks to individuals and teams.
Effective Management of Third Parties
Where activities are outsourced, you can facilitate oversight by gathering selective data from third parties in one central repository. Third party data can feed into your regular reporting cycle and also enables Ruleguard's early identification of issues and timely reporting of third party arrangements.
Ruleguard's key features help firms to:
Save time and effort by using a centralised repository
Demonstrate compliance with a comprehensive audit trail
Improve governance and oversight of key processes
Reduce risk of non-compliance due to regulatory change
Produce timely reports to suit your audience needs
Facilitate incident and complaint investigations
Solutions for Wealth Management
A fully configurable solution designed to streamline compliance with the requirements of the international accountability regimes including Senior Managers & Certification Regime and SEAR. Requirements supported include: fitness & propriety and T&C assessments, certification, MRMs, SORs and individual conduct breaches.
Operational Risk Management
Ruleguard has an integrated solution to enable firms to track all identified risks and corresponding controls and mitigations across the enterprise. The solution has built-in features to help users to assess, quantify, remedy, report and streamline their risk management processes
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