TORONTO, June 21, 2012 /CNW/ - PORTFOLIO AID, Canada's market leader in trade surveillance and compliance automation
solutions, announces an upgrade of its flagship product, WatchDog RCS,
that meets the new Client Relationship Model suitability guidance in
IIROC rules 1300 and 3500.
IIROC's new suitability guidance, released March, 2012, moves the
emphasis from trade triggers to business triggers. Examples of the
expanded scope include: change of advisor, and material change to KYC
profile. The first new rules come into effect in September, 2012.
According to Sam Webster, President of PORTFOLIO AID, "The regulatory
landscape is ever-changing, and the new Client Relationship Model
guidance represents a challenge for the industry. Our enhanced CRM
suitability development initiative began over twelve months ago and is
serving customers today."
PORTFOLIO AID's WatchDog RCS provides comprehensive suitability oversight across all product and
account types. Advisors using the WatchDog automated compliance
solution realize improved collaboration with compliance supervisors, a
standardized view of ratings, and improved clarity in communicating
risk to clients.
SOURCE Portfolio Aid Inc.
For further information: