The NorthStar Compliance Solution streamlines compliance by standardizing and automating the process, enabling wealth managers to:

• Reduce risk by automating investment policy compliance across all types of investment products and client relationships as a standard part of the wealth management workflow.  Firms can create a controllable, compliant environment that proactively detects both internal and external compliance issues before regulatory agencies.
  
  
• Improve productivity by automating the investment policy process and the creation and delivery of investment policy statements and update letters.  The Compliance Solution can reduce compliance administrative efforts by as much as two-thirds, freeing financial advisors to spend more time with prospects and clients.
  
  
• Maintain higher client service standards.  Advisors can document and monitor each client’s investment constraints and suitability.  Advisors can also demonstrate that their client’s investment policy has been correctly implemented.  Firms will be able to differentiate their compliance standards through more personalized client services.
  
  
• Strengthen “know your customer” efforts by centralizing and integrating investor profiling with client on-boarding and account-opening processes.  Once an advisor enters a client’s investment preferences, the Compliance Solution automatically leverages them across all wealth management workflows. All client investment information as well as multi-dimensional client relationships are accessible from a 360-degree, single client view.
  
  
• Prepare for the future by offering a flexible, rules-based compliance platform that supports all types of investment products.  The Compliance Solution can help firms not only track advisor activity but also adapt and scale as regulations change or new types of investment products or personnel are added.

Key Capabilities

• Analysis of all client accounts for adherence to compliance requirements, covering all product types, including internal investments, external holdings and alternative vehicles such as separately managed accounts

• Enterprise-level compliance platform integrated into the wealth management workflow, scalable to support entire firm

• Compliance rules-based so that firms can track advisor activity and easily adjust to changing regulatory requirements

• Advanced, entitlement-based document design for creation, approval and delivery of investment policy statements and update letters, with configurable storage and management capabilities

• Centralized client and prospect profiling, including risk assessments and investment suitability guidelines, automatically leveraged across all wealth management workflows

• Client relationships and their associated portfolios mapped and maintained, with the ability to restrict relationship access through an entitlement and authentication function
  
  
• Compliance views and reports configurable and client-oriented, not account- or transaction-oriented