News & Events
The latest news and events from MyComplianceOffice
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Adviser Investments to Adopt MyComplianceOffice Regulatory Software System
New York, NY – Mar 20, 2008 –TerraNua, a leading provider of risk and compliance solutions to the U.S. wealth management market, announced today that Adviser Investments, an independent, personalized money management firm, has signed a contract to utilize the firm's proprietary software solution, MyComplianceOffice for its compliance reporting needs.
“There's tremendous risk, both financial and reputational, associated with non-compliance,”
said Chad Onufrechuk of Adviser Investments.
“MyComplianceOffice provides us with a comprehensive, flexible solution that integrates effective compliance management into the day to day activities of each member of our firm, helping us to mitigate potential exposure.”
MyComplianceOffice enables U.S. wealth management firms to manage compliance programs effectively and efficiently to reduce the risks and costs related to these activities. It provides proof of compliance by memorializing compliance activities and providing audits of ongoing and ad-hoc compliance management activities and decisions such as attestations, policy review and updates, personal trading, licensing and registrations, external gift management and suitability monitoring. The solution presents a real-time dashboard of compliance status, providing highlights of issues with a full drilldown to related details. It also provides personalized pages for individual employees to monitor assigned tasks and events and to submit information, such as "pre-trade clearance" or "outside interest" forms, for approval.
As an affordable outsourced solution, MyComplianceOffice allows customers to avoid substantial upfront capital expenditures in technology and other infrastructure related to creating and maintaining in-house solutions, freeing up time, resources, and money that then can be redeployed in support of the organization's core functions. The product, which can function as a stand-alone system or be fully integrated with customers' existing systems, has a short implementation time of just a few weeks and may be customized to suit customers' individual needs.
“As the regulatory environment becomes more and more complex, developing an effective culture of compliance is a key objective for wealth management firms of all sizes,”
said Brian Fahey, chief executive officer of MyComplianceOffice.
Back »“As a web-based software solution, MyComplianceOffice is providing small to mid-size firms with affordable, world-class compliance management. We are excited that Adviser Investments has chosen MyComplianceOffice to help them manage this critical function.”