Stop Settling, Start Scaling: Tech That Powers RIA Growth
The RIA space is evolving—fast. Competition is fierce. Client expectations are rising. And AI is upending how advice is delivered. In this...
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4 min read
Steven Niedzwiadek
:
2/22/24 9:55 AM
Advice360° is a series designed to help advisors increase their productivity using our digital wealth management software.
In this installment, Steven Niedzwiadek, Advisor360°’s Product Manager for Compliance, shows financial advisors how our Personal Securities capability can save them time and keep them in compliance.
Monitoring the personal securities transactions of advisors and other firm employees is critical to complying with industry regulations and preventing conflicts of interest between the wealth manager and client. Advisor360°’s Personal Securities Reporting functionality not only makes compliance easier, but it can also help in-house compliance analysts spot red flags before regulators do.
There are real-world implications for improperly reporting personal trading activity. Here are three of the primary reasons advisory practices need a sound personal securities disclosure program with the best supporting technology:
Gone are the days of buying and holding investments for the long haul or relying on a sizable pension for a nest egg. Rather, the NYSE reports that the average holding period of stocks has fallen to just a handful of months. That’s not to say that all wealth managers are fast-money traders, but it’s reasonable to assert that more frequent trades are being made given today’s landscape. Thus, better technology is needed to meet bigger compliance challenges.
Advisor360°’s Personal Securities Reporting capability streamlines the disclosure process for advisors and empowers the back office to properly report issues that may come about. This comprehensive and user-friendly system integrates all facets of the personal securities reporting process, helping home office compliance teams identify potential concerns immediately.
There is no getting around the reality that a wealth manager’s financial life is under close watch by not only their employer, but also state and federal regulators. The last thing a busy advisor wants is a compliance issue over what might have been an innocent personal trade. Advisor360°’s Personal Securities Reporting capabilities streamline the disclosure process with functionality that saves advisors time while making it easier to report all accounts and transaction activity.
A home office’s operational team must have the best tools to do their job of monitoring personal trading activity within the organization. Advisor360°’s compliance tools offer several benefits to the back office.
In today’s fast-moving financial markets and more complex client accounts, it’s vital to ensure proper compliance when it comes to an advisor’s personal securities accounts and transaction reporting. Advisor360°'s Personal Securities Reporting capability is a powerful tool to minimize potentially costly compliance issues before they grow. The capabilities make reporting easy for the advisor and empower the back office to investigate activities with more detail and speed than ever before.
Advice360° offers tips and guidance to advisors on increasing their productivity through the Advisor360° wealth management software. Learn what other wealth advisors are doing to benefit their practice.
Steven Niedzwiadek is Product Manager for Compliance and defines and oversees product features that improve broker-dealer, advisor, and investor performance and efficiencies in the banking, investment, and insurance industries.
The RIA space is evolving—fast. Competition is fierce. Client expectations are rising. And AI is upending how advice is delivered. In this...
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