Financial Tracking Enhances its Mutual Fund Compliance Offerings

Businesses managing their own employess stock plans may relish the news that Financial Tracking LLC has enhanced its mutual fund compliance software to help cut costs and ensure compliance due to automation.

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.

For those of you not familiar with Financial Tracking, they’re based in Greenwich, Conn., were founded in 1999, and are known for their automated compliance software with modular features. The client categories they serve include: 33 of the 50 largest publicly traded money managers or insurers; two of the five largest public companies in the U.S.; two of the four largest U.S. wire-house broker/dealers; one of Japan’s largest money managers; and one of the world’s six largest money managers.