Covering bases

"To remain competitive in today's marketplace, firms need to establish a more controllable, compliant environment that mitigates a firm's risk and frees advisory teams to serve new and existing clients," says Juergen Dittgen, head of product management and field services at San Francisco-based NorthStar. " improves advisor productivity by reducing administrative tasks by as much as two-thirds, resulting in more valuable 'face' time with clients."

NorthStar says its compliance application spans all types of investment products and client relationships and helps wealth-management firms reduce regulatory risk and increase advisor productivity.

The Compliance Solution provides early warning of internal and external compliance issues, according to NorthStar. "In addition, NorthStar's centralized client-profiling feature helps wealth managers preserve clients by avoiding mishandled investment guidelines," the company says. -FWR

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