Technology to help automate and improve the compliance function may not ring a financial adviser's cash register, but it certainly can reduce the time-consuming and potentially costly problems that compliance failures create.
Self-reporting in areas such as the retention of e-mails “is more of an art than a science,” said the CEO of ING.
A majority of the 350 companies initially contacted by the SEC have now received second letters.
InvestmentView, one of the first software tools to use hypothetical comparisons to help advisers recommend mutual funds, is being re-launched today by Thomson Financial.
E*Assist's Compliance Officer Report Card assists compliance officers in tracking the advisers they oversee.
Although not a major overhaul of its product, Version 3.0 of Money Tree Software Ltd.'s Total Planning Suite offers new reporting features and an updated interface that make it an improvement over the previous incarnation.
Knight Capital has bought EdgeTrade, a privately-held agency-only trade execution and algorithmic software company.
Dalbar Inc., a financial services market research firm, has tapped an ex-insurance executive to start a division catering to the needs of compliance departments.
Compliance spending grew an average of 159% from 2002 to 2006, according to a report.
With the purchase, NYSE Euronext hopes to further improve their connectivity, transaction and data-management solutions.
If advisers haven't heard of extensible business reporting language, or XBRL, they soon will.
Online delivery of software tools and data to advisers will be the major focus of 2008 technology innovations, industry experts say.
Schwab Institutional will seek to acquire or partner with more technology vendors, a strategy that follows a doubling in the company's tech budget in 2007.
A top brokerage executive affiliated with a unit of Allianz Life Insurance Company of North America bought shares of unregistered investments created by Edward May, who was charged last month by the Securities and Exchange Commission with committing a massive $250 million fraud that victimized as many as 1,200 investors.
Schwab Performance Technologies said last Thursday that it has entered into an agreement to acquire Etelligent Consulting Inc., a registered investment advisory technology consulting firm.
Experts cite CRM, document management, web portals, integrated adviser platforms and RSS as areas of expected growth.
Schwab Performance Technologies has entered into an agreement to acquire Etelligent Consulting Inc.
The Hartford announced plans today to acquire TopNoggin, a technology firm based in Powell, Ohio.
