Since the launch of COMPLY, our teams have diligently worked to leverage the best of our existing products and solutions to create the One COMPLY™ Platform, a cohesive, all-in-one compliance solution which empowers clients to COMPLY with Confidence.
And we are thrilled to announce the first step in this process. Introducing COMPLY Program Management!
David Bliss, COMPLY’s Chief Product Officer, said, “This advancement to our software and services delivers on the promise of offering a unified COMPLY solution. With COMPLY Program Management and Annual Review Service, we combine the benefits of the wide range of solutions available from across our product portfolio, integrating software, consulting and education, and enhancing our clients’ ability to develop and execute a comprehensive and scalable compliance program from a single platform. As regulatory obligations continue to evolve, such as the recently enhanced regulation of private fund advisers and investment advisers, the ability to easily adapt your compliance program has never been more critical. This is an ideal time for firms to examine their compliance processes and consider moving to a single comprehensive platform.”
In this blog, we’ll dive into what exactly customers can expect from this new solution and how they can benefit from a partnership with COMPLY.
Introducing COMPLY Program Management
With COMPLY Program Management, registered investment advisers (RIA) can manage, execute and scale their firm’s regulatory compliance activities with a single technology platform.
The solution is comprised of three main facets:
The Compliance Calendar
The Overview: COMPLY Program Management’s Compliance Calendar automatically populates and continuously updates deadlines, requirements, best-practice instructions and compliance guidelines tailored to a firm’s policies and procedures. Our compliance experts monitor regulatory changes and publish best-practice instructions and updated compliance guidelines, ensuring your calendar remains up to date.
The Benefit: Intelligent software designed to organize and educate your team, streamline compliance activities, identify any gaps and document your compliance program throughout the year.
Annual Review Tool
The Overview: This tool, fully integrated into the Compliance Program Management module, provides you with a guided, digital and documented Annual Review that meets Securities and Exchange Commission (SEC) requirements outlined in Rule 206(4)-7.
Additionally, the Annual Review Tool includes a Risk Assessment module, which guides firms through a comprehensive review of their compliance policies and procedures to identify potential compliance breaches.
The Benefit: The Annual Review Tool enables you to comprehensively review your firm’s compliance program, evaluating risk and identifying areas for improvement with easy-to-follow steps. Plus! As you execute compliance activities, the tool automatically develops a comprehensive documented report.
Annual Review Service
The Overview: The Annual Review Service is an accompanying offering with COMPLY Program Management software that provides regimented and on-going compliance consulting services, includes:
- COMPLY Program Management software, with the Compliance Calendar, Annual Review Tool, and Risk Asessment module.
- Proactive Annual Review Service with compliance consulting throughout the year.
- Compliance Program Set-up Call
- Monthly calls to review prior month’s calendar items and plan the coming month’s activities.
- Annual Review call and report review
The Benefit: Expert compliance consultant will keep your firm on track with regular check-ins, review and set up of compliance testing activities and documentation of results. Say goodbye to DIY.
Achieve Compliance with Confidence with COMPLY Program Management
While we may be winding down the year, compliance activities are by no means slowing down. Annual review, year-end strategy planning and regulatory filings, which all take time and effort from your team.
With COMPLY Program Management, you benefit from tailored technology designed to reduce the burden placed on your team and increase efficiency.
Ready to learn more about how COMPLY Program Management can benefit your firm? Schedule time to speak with an expert today!