RIA Compliance Technology has announced updates to its compliance platform for registered investment advisors (RIAs).
-- Following its latest updates, RIA Compliance Technology offers small to medium-sized RIAs a simpler, more streamlined way to document regulatory tasks. Their platform covers every facet of maintaining compliance, offering a submission and tracking portal, communications archiving, trade monitoring, and ADV forms solutions.
More details can be found at https://riacomptech.com
The platform helps investment advisory firms avoid the fines and penalties being handed out by the SEC as part of its crackdown on off-channel communications. RIA Compliance Technology explains that 26 firms have faced charges relating to breaches of the Securities Exchange Act and the Investment Advisors Act. The charges were brought due to inadequate record-keeping provisions and failure to supervise personnel responsible for the failures.
The company's flagship Simple Compliance Portal software combines calendar features with data-gathering and customizable workflows, integrating route requests, approvals, and acknowledgments. The portal helps RIAs manage employee onboarding, external business activities, and advertising submissions in accordance with SEC directives.
Another software solution for investment advisors is RIA Compliance Technology's Simple Compliance Calendar, which automates reminders for compliance tasks. Users can see at a glance what documentation is due and which processes are underway while keeping abreast of overdue tasks.
“Throughout the dashboard, there are options to change the status, add notes, and attach reports or documentation to each task, so you are always prepared when the regulators come to visit,” explains Blake Bjordahl, RIA Compliance Technology Co-Founder.
Automation technology is also utilized within the Simple Email Archive which condenses what has traditionally been a labor-intensive and time-consuming task into a process that takes a few minutes. This application renders data security, email processing, and virus protection protocols, and offers guidance on what communication records and paper trails need to be kept and for how long. There are also archiving solutions for text messages/SMS, websites, and social media.
The Trade Monitor feature eliminates the collection, organization, and review of paper investment statements while ensuring employers can monitor and review trades via the portal. Approvals can also be automated by setting restrictions and parameters.
RIA Compliance Technology works with clients to build a personalized dashboard, delivering all their preferred applications under a single login.
For more information, and to access a complimentary demo of the software, interested parties can go to https://riacomptech.com
Contact Info:
Name: Blake Bjordahl
Email: Send Email
Organization: RIA Compliance Technology
Address: 10031 E Dynamite Blvd Suite 240, Scottsdale, AZ 85262, United States
Phone: +1-480-999-2353
Website: https://riacomptech.com/
Source: NewsNetwork
Release ID: 89150161
Should there be any problems, inaccuracies, or doubts arising from the content provided in this press release that require attention or if a press release needs to be taken down, we urge you to notify us immediately by contacting error@releasecontact.com (it is important to note that this email is the authorized channel for such matters, sending multiple emails to multiple addresses does not necessarily help expedite your request). Our efficient team will promptly address your concerns within 8 hours, taking necessary steps to rectify identified issues or assist with the removal process. Providing accurate and dependable information is central to our commitment.
