Improved management of clients’ monies by wealth managers and achieving best practice compliance

Improved management of clients’ monies by wealth managers and achieving best practice compliance

Is there a better way to process your customers’ cash flow, increasing operational efficiency and improving your customer service? Are you and your team struggling to meet the safeguarding requirements of the Investment Industry Regulatory Organization of Canada (IIROC), Mutual Fund Dealers Association of Canada (MFDA) and other financial services regulators efficiently?

You’re not alone. Compliance and regulations are constantly changing, and wealth managers need to adapt their processes to remain compliant, while still finding time to manage client expectations.

Successful wealth advisors are using new technology to implement flexible and adaptable systems that effectively manage current and upcoming compliance challenges and allow them to better engage customers who expect personalized products and extra care in our dynamic market.

Download this free whitepaper from Cashfac, a global provider of virtual account and cash management solutions, and learn how their multi-currency, multi-bank solutions help wealth managers deliver the safeguarding requirements efficiently and configure transparent cash operations to a best practice standard.

Register now and gain insight into:

  • Increasing operational efficiency and customer service standards through use of virtual bank accounts.
  • The use of virtual accounts dual accounting and banking ledger to understand a client’s complete cash position and deliver effective credit control.
  • The delivery of effective return on clients’ funds through improved treasury management.
  • A new approach to meeting the compliance requirements to segregate and protect clients’ money.

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