Financial Planning Software and Portfolio Monitoring Tools Must be Conscious of the Compliance Requirement
Usage Insights, along with Keeping a Full Record of All Produced Output, Brings Important Records for Compliance
For regulatory compliance, BSM tracks the data-analysis-decision-output-execution linkage necessary for appropriate validation.
All in, BSM offers a wealth of oversight functions central to a competent and advancing financial-planning and investment-advisory business as highlighted here:
No permanent deletions of any entries or output, thereby providing a complete repository of recoverable information.
Document archiving of all output from financial plans, cash-flow analyses, proposals, IPSs, portfolio designs, product brochures, trade blotters, and rebalancing rules.
Create and edit functional permissions designated to specific User IDs permitting the BSM Administrator to secure content fully or partially depending on the firm’s policies and/or an individual user’s capabilities.
Firm-wide functional usage reports through BSM’s management console views (all of which can be designed for targeted analysis).
Firm- or User-based client statistics pertaining to financial plan inputs, portfolio designs, investment product execution, rebalancing rule set assignments, and trade/execution actions.
Investment product due diligence validations through BSM’s query and filtering system.
Business security knowing that the entire BSM software code is in external escrow.
Technical security through BSM’s compliant datacenter implementations.
Data security via database and data transfer encryption.
If desired, data control using BSM’s hybrid subscription service in which the logic and processing is handled at BSM’s datacenter, but data storage and access is through your own database.