Can Strategic Compliance Become a New Standard?

19/05/2010

Financial Simplicity Media Release

In its commitment to help guide technology-related discussion in the wealth management industry, Financial Simplicity is pleased to announce the release of its current thought piece - Can Strategic Compliance Become a New Standard?

Reflecting on how recent technology improvements have positioned compliance at the heart of portfolio decision-making instead of at the end of the process, Stuart Holdsworth, Managing Director of Financial Simplicity, makes a number of salient observations about the strategic importance of compliance within the portfolio decision-making process.

Key points include:

• Interests of all stakeholders demonstrably aligned through entire portfolio decision-making process
• Scalable and cost-effective strategic compliance drives best practice client service
• Pre-compliance sets a new standard of accuracy, transparency and efficiency

Strategic compliance aligns, in a way that has not been achieved previously, organisational needs with those of the client and the wealth adviser.

Beginning with the client's own rules, preferences and constraints, strategic compliance is vertically integrated throughout the entire investment management process.  This is a departure from traditional compliance and has some extraordinary implications for value-added services in a commission free world.

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