Blog Entries in Regulation and compliance
Another reason to consider position only data is; when you are reporting on held away assets, sometimes getting access to the transactions is not an option. The website does not have them or, if they do, they are not at a level where they can be accurately interpreted. With this type of access it would be better to just pull in the positions and at least provide your client the ability to look at what is in their account on a day to day basis...Read More »
Fiduciary and asset allocation responsibilities have increased the need to report on non-managed accounts. Reconciliation is taking up more time with the need for reporting and monitoring these non-managed accounts...Read More »
With the recent news about JPMorgan Chase and its $6.2 billion loss in derivatives trading, there are renewed calls for increased government oversight and tightened regulations on today’s financial services firms...Read More »
Modern portfolios need to incorporate more vanilla stocks and bonds to keep high-net-worth clients happy and liquid. Does your firm have the technical muscle it needs? According to one recent survey, about half of all advisors expect to expand their clients’ exposure to alternative assets by at least 15% this year, while most of the rest are boosting their allocations by smaller amounts...Read More »
Breakaway asset managers can get along running their operations on what amounts to sweat and a shoestring budget, but once they start capturing clients, the pressure is on to automate...Read More »
One in two financial professionals ByAllAccounts and Millennium Trust Company recently polled say they would use alternative investments more — if only they could ease the time spent per reporting cycle...Read More »
The time to have the files ready for the regulators is before the regulators even schedule the review. Third-party gurus say it’s time to get your documentation ready for 2013. By getting ready for an audit now — even before the appointment is on the calendar — a firm can allocate scarce resources far more efficiently...Read More »
Too many asset managers isolate their internal watchdogs from the day-to-day operations they need to observe first-hand. An integrated approach will impress the regulators and make the whole process run more smoothly...Read More »
Account aggregation is not just a way to track assets your clients hold away from your active management. It's a way to make sure your staff aren't breaking the inside trading rules...Read More »
The demands of keeping up with a growing practice—adding staff, adding clients, meeting regulatory requirements—can become burdensome. As practices grow, many look for operational efficiency gains in all aspects of the business, one of which is monitoring personal trading. As you know, SEC and FINRA regulations require investment advisors, broker/dealers, hedge funds and other asset managers to supervise employee personal trading activity. Advisor activities at RIA firms are governed by Rule 204A-1 under the Investment Advisors Act of 1940 which requires the establishment, maintenance and enforcement of a written Code of Ethics. This Code of Ethics includes provisions that require “access persons” to report their personal securities transactions and holdings periodically...Read More »
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