One of our company’s longstanding commitments is investing time and resources to make the RIA in a Box service more valuable to the clients we serve. Since launching MyRIACompliance® in 2014, we have sought to make our service more efficient and higher quality by combining our human expertise with new tools and features. At RIA in a Box, we release new compliance software features and enhancements on a daily basis. Some of our more notable releases in recent months include a fully redesigned compliance calendar, new integrations with other industry-leading technology providers like Redtail, Orion, and Salesforce, and automated employee trade monitoring.
Today’s Release: Automated Employee Email Alerts
Many of the registered investment adviser (“RIA”) firms we support are constantly looking for opportunities to better automate and streamline employee compliance supervision responsibilities. Our RIA compliance software system has long allowed firms to dramatically improve the employee attestation process by making it a fully digital process that requires no paper! However, we also recognize that unlike the firm’s Chief Compliance Officer, other individuals at the firm may not log into their compliance software every day to see if there are new personal compliance tasks to complete. Now, however, any individual at the firm can receive automated MyRIACompliance® email alerts letting the individual know, for example, when it’s time to review the firm’s new Code of Ethics or to confirm he or she has no new outside business activities.
In addition, the firm’s Chief Compliance Officer (“CCO”) or any other compliance supervisor, can send email reminders to any or all individuals at the firm at any time:
The email reminders can be customized to alert any or all individuals at the firm about any pending compliance tasks that need to be completed:
In addition, the email message text can be fully customized and the firm’s CCO or compliance supervisor can also receive a copy of the email for their records.
And of course, like every tool on MyRIACompliance®, all compliance activities are logged automatically in the firm’s Digital Compliance Log, so firms can skip the step of separately documenting many compliance activities after someone at the firm spends considerable time completing them.