PORTFOLIO AID Announces Solution for IIROC CRM Suitability Compliance

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:

Elaine Polgar
elainep@portfolioaid.com
www.portfolioaid.com

Organization Profile

Portfolio Aid Inc.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890