Winfund Software Corp. has unveiled the first three components in its new Winfund Compliance Module. The module contains features that will help ensure mutual fund and investment dealers meet the comprehensive rules they face in an increasingly regulated environment.
With this launch, Winfund becomes the first mutual fund back-office software provider to offer a comprehensive compliance software solution.
“Winfund has monitored the regulatory environment and worked closely with our clients in developing this software,” said Laird Elliott, president, Winfund. “The Mutual Fund Dealers Association has set out clear regulations for account and advisor supervision. With the release of its recent audit findings, it is clear that dealers are being held to an increasingly higher standard as regulations become more stringent. The Winfund Compliance Module is a cost effective and comprehensive solution to this challenge.”
Using selected features of the compliance module, dealers can:
- Review trades with suitability issues;
- Track approval/decline of new plans;
- Examine cancelled and/or erroneous trades;
- Ensure investments are suitable for the client/plan:,li>Monitor supervisory levels; and
- Monitor branch and dealer compliance activity.
“The successful testing of the module with key clients allows us to bring the New Plans, Isolated Trade and Trading Trend components to market this week,” said George Stamatakos, manager of sales and marketing at Winfund. “With this launch we are offering a ‘no-cost’ introductory program until April 2004, allowing our clients time to thoroughly test the software and adapt it to their unique infrastructure. I am confident that users will quickly learn the value of the software.”
While it is a separate module, the Winfund Compliance Module is completely integrated into Winfund.net and, by extension, the daily operations of the dealership. Access is available at the dealership, branch and advisor level.