CFRS-DT

Morningstar Announces Deployment of Due Diligence Module at Canadian Firms

Retrieved on: 
Wednesday, March 16, 2022

Morningstar's Advisor Workstation platform is a web-based investment planning platform containing capabilities for research, portfolio analysis, goal planning, sales presentations, and is used widely across the Canadian wealth management space.

Key Points: 
  • Morningstar's Advisor Workstation platform is a web-based investment planning platform containing capabilities for research, portfolio analysis, goal planning, sales presentations, and is used widely across the Canadian wealth management space.
  • We are thrilled Canadian wealth management firms are taking advantage of this solution," said Scott Mackenzie, CEO of Morningstar Canada.
  • The Due Diligence Module helps solve this by offering a scalable and efficient solution integrated into existing workflows and allows for documentation and metadata to be stored securely within a firm's compliance systems.
  • Morningstar Research Inc. is a Canadian subsidiary of Chicago-based Morningstar, Inc., a leading provider of independent investment research in North America, Europe, Australia, and Asia.

Wealth Firms Use InvestorCOM to Meet KYP Requirements for the Client Focused Reforms

Retrieved on: 
Tuesday, November 23, 2021

These firms include a leading Canadian bank, Caldwell Securities Ltd, CI Assante Wealth Management, LP Financial, Rothenberg Capital Management, Worldsource Wealth Management, and others.

Key Points: 
  • These firms include a leading Canadian bank, Caldwell Securities Ltd, CI Assante Wealth Management, LP Financial, Rothenberg Capital Management, Worldsource Wealth Management, and others.
  • InvestorCOM's ShelfMonitor and PeerCompare solutions were designed and developed to satisfy the principles-based nature of the CFR's KYP requirements.
  • "Firms recognize that technology is a necessary component to successfully and efficiently meet their KYP obligations," said David Reeve, CEO at InvestorCOM.
  • Last week, InvestorCOM's compliance platform was recognized by the Canadian RegTech Association as the 'Best Wealth Management Regulatory Solution' for the Client Focused Reforms.

InvestorCOM Recognized as Best Wealth Management Regulatory Solution for the Client Focused Reforms

Retrieved on: 
Tuesday, November 16, 2021

TORONTO, Nov. 16, 2021 /PRNewswire-PRWeb/ -- InvestorCOM , a leading regulatory software provider to the wealth management industry, today announced that its compliance platform for meeting the Know Your Product (KYP) requirements of the Client Focused Reforms (CFRs) has been recognized as 'Best Wealth Management Regulatory Solution' by the Canadian RegTech Association (CRTA).

Key Points: 
  • TORONTO, Nov. 16, 2021 /PRNewswire-PRWeb/ -- InvestorCOM , a leading regulatory software provider to the wealth management industry, today announced that its compliance platform for meeting the Know Your Product (KYP) requirements of the Client Focused Reforms (CFRs) has been recognized as 'Best Wealth Management Regulatory Solution' by the Canadian RegTech Association (CRTA).
  • InvestorCOM's CEO David Reeve commented on the recognition:
    "We are honored to be recognized as a leader in RegTech innovation for wealth management.
  • In the category of Best Wealth Management Regulatory Solution, InvestorCOM stood out for its innovative regulatory technology that helps compliance teams and advisors efficiently meet their KYP requirements for the Client Focused Reforms."
  • Since 1992, InvestorCOM has been providing regulatory compliance software and communications solutions to wealth managers, asset managers, and insurers.

NTT DATA Launches Smart Back to Work Application to Support Government and Business COVID-19 Requirements

Retrieved on: 
Monday, October 4, 2021

NTT DATA , a digital business and IT services leader, today announced the launch of a Smart Back to Work Application designed to help government organizations and private employers comply with vaccine mandates.

Key Points: 
  • NTT DATA , a digital business and IT services leader, today announced the launch of a Smart Back to Work Application designed to help government organizations and private employers comply with vaccine mandates.
  • NTT DATAs Smart Back to Work Application is easily accessible from a mobile phone, tablet or computer.
  • NTT DATAs Smart Back to Work Application enables government entities and private sector businesses to seamlessly track status and compliance with requirements, provides peace of mind and removes the complexity for all.
  • For more information on NTT DATAs work with federal and public sector organizations, please visit: NTT DATA Public Sector Services .

Morningstar Addresses 'Know Your Product' Obligations of the Client Focused Reforms with the Launch of the Due Diligence Module into Morningstar Advisor Workstation

Retrieved on: 
Tuesday, September 21, 2021

This addresses a critical component of the "Know Your Product" (KYP) obligation of the Canadian regulatory changes known collectively as the Client Focused Reforms (CFRs).

Key Points: 
  • This addresses a critical component of the "Know Your Product" (KYP) obligation of the Canadian regulatory changes known collectively as the Client Focused Reforms (CFRs).
  • Results from a Q2 Morningstar industry surveyisuggest there is some uncertainty that advisors and firms are prepared to adequately address this regulatory demand.
  • Yet 36% of respondents indicated they have "none" or "not much" understanding of the Client Focused Reforms.
  • This could lead to a significant challenge for head office teams to ensure advisor readiness in time for the regulatory deadline.

FAIR Canada: Retail Investors are just collateral damage, again

Retrieved on: 
Wednesday, September 15, 2021

Apparently, it is too much work to train their advisors to understand mutual funds offered by other banks or manufacturers before selling them.

Key Points: 
  • Apparently, it is too much work to train their advisors to understand mutual funds offered by other banks or manufacturers before selling them.
  • Yet again, retail investors seem to be nothing more than collateral damage in the ongoing fight between industrys desire to keep regulatory costs as low as possible, and regulators efforts to craft the rules needed to protect investors.
  • FAIR Canada is a national, independent charitable organization dedicated to being a catalyst for the advancement of the rights of investors and financial consumers in Canada.
  • FAIR Canada has a reputation for independence, thought leadership in public policy and moving the needle in the interests of retail investors and financial consumers.