Spend less time double checking red flags and more time fostering relationships by incorporating a comprehensive approach to mitigating risk and managing compliance. Learn how from the final video of our three-part series “Maximizing the Power of UMAs.”
Achieving Cost-effective Compliance
Where traditional UMAs fall down:
Increasingly, compliance with an eye toward efficiency is creating competitive advantages for firms. Any UMA tool must comply with fiduciary standards for the entire portfolio. That means viewing compliance requirements through a single portfolio, correctly mapping asset classifications and identifying concentrations across UMA sleeves or products. Compliance at the aggregate or household levels is also crucial for many accounts.
Yet many UMA solutions create gaps in the fiduciary process for providers of financial advice. Advisors seeking a unified solution instead find themselves exposed
to regulatory risk resulting from incomplete views of investment options and client reporting that doesn’t tell the whole story. What’s more, review processes are often inadequate or fail to flag issues in a timely manner.
Where InvestEdge’s UMA stands up:
InvestEdge UMA harnesses the power of InvestEdge’s proven compliance solution – the industry standard for banks and trusts. The UMA solution leverages the same alerts and workflows organizations depend on for timely and accurate compliance flags and reliable oversight.
Monitoring at the product and underlying security level offers transparency into how holdings and exposures are maintained and can be configured to accommodate back- or middle-office compliance processes and any level of internal or external oversight. As a result, advisors can spend more time fostering relationships and less time double checking red flags.
This solution, built on InvestEdge’s superior data aggregation tools, makes it easy to incorporate UMAs into a comprehensive approach to risk and compliance while effectively managing a client’s assets.
