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.
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