TORONTO, Nov. 8, 2012 /CNW/ - PortfolioAid Inc. is pleased to announce WatchDog BranchRisk, a module in its suite of automated compliance tools for Canadian investment dealers. BranchRisk enables compliance management and internal branch auditors to quantitatively measure "branch level risk" and the underlying causes of that risk using a comprehensive list of branch risk factors.
According to Sam Webster, President of PortfolioAid, "Risk management is a complex field that requires comprehensive toolsets. PortfolioAid has produced a new dimension in retail compliance by leveraging the existing data and automated processes of our flagship solution, WatchDog RCS, to calculate branch risk in a standardized fashion so that internal branch audit practices can be streamlined for multi-branch networks."
About PortfolioAid Inc.
Founded in 2001 and headquartered in downtown Toronto, PortfolioAid is Canada's market leader in risk rating services, trade surveillance and compliance automation solutions. Serving IIROC & MFDA member firms as well as the regulatory bodies that govern them, PortfolioAid effectively reduces monetary and reputational risk across the Canadian financial services industry.
SOURCE: Portfolio Aid Inc.
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