Financial Tracking Enhances its Mutual Fund Compliance Offerings

Updated: June 22, 2009

Version 5.0 offers several enhancements ala carte, such as window dressing, portfolio pumping, pricing and valuation alerts, portfolio process compliance vs. regulatory and manager philosophy guidelines, risk pricing alerts, and favoritism detection of investment idea allocations. It also includes automated counter-party risk alerts and fixed-income best execution analysis and alerts for corporate, government, municipal, and convertible securities. It's also available for client-side hardware installation, according to the company, in addition to the traditional web-based offering. In either configuration, the compliance module can be activated within seconds by the software administrator. An on-demand entitlements feature further expands client choice for automated compliance monitoring, analysis, and alerting in not only portfolio compliance, but also employee personal trading and performance dispersions. The company's modules are all focused on automated trades and holdings analyses.

This latest version is the most comprehensive engineering enhancement for mutual fund compliance so far, according to Financial Tracking. Modular functionality provides users with a menu of options so that you're only paying for what you use.

Detection of misuse of material non-public information gained from relationships and front-running markets are additional options. Financial Tracking's IT group worked with clients and prospects to find other ways to reduce compliance costs and fiduciary risks through automation—reflecting the industry's increasing regulatory scrutiny and need for immediate knowledge of compliance issues before it's too late.

Featured Research