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AccountPro
What is it?
AccountPro is a customizable broker dealer account management and compliance reporting application suite.
How does it work?
AccountPro is a customizable and modular back office solution that consolidates multiple data sources and can be implemented as a standalone Broker View or as a complete Compliance Reporting solution.
Aggregated Broker View
Summary
- Provides broker-dealer registered representatives, managers and operations personnel with a consolidated view of customer accounts and positions, regardless of whether the original transaction was executed through the broker-dealer’s clearing firm or directly with the product provider
- Imports and normalizes data from multiple sources, including: NSCC Networking, DST, DAZL, Pershing, Clearing Firms and proprietary back office systems.
- A web-based, hierarchical structure ensures easy, secure access for brokers, sales assistants, branch mangers/OSJs and other firm personnel.
What can it do for you?
- The Aggregated Broker View improves registered representative productivity by providing an aggregated view of both individual and household positions from any internet access point. A single customer information database means that branch managers, brokers and sales assistants save time when seeking to understand customer and account profile data, positions, and history
- Provide you with a consolidated electronic view of customer and account data, AccountPro’s Notes and Activity Log features enable account annotation and change tracking—both of which exist as permanent account records.
Key Features:
- Consolidated Positions by Account
- Consolidated Positions by Household
- Trade History
- Account Value
- Customer Profile
- Account Profile
- Activity Log
- Account Notes
- Householding
Compliance Reporting
Summary
- AccountPro’s Compliance Reporting module is a robust back office compliance reporting and surveillance solution.
- AccountPro imports data from multiple external sources and normalizes that data into a single customer information database.
- Kingland’s proprietary Suitability and Compliance Rules Engine then processes this data and provides broker-dealers with a set of 31 interactive compliance reports.
- AccountPro enhances a broker-dealer's compliance and surveillance efforts by applying a consistent, standard set of rules--ultimately, improving the efficiency of the operations and compliance departments' oversight of the firm’s business.
What can it do for you?
- Compliance Reporting can eliminate the need to review and circulate paper reports that are often duplicated for each line of business. Surveillance and compliance personnel can readily access AccountPro compliance reports from home or the office. These reports can be downloaded and shared, or stored for offline review.
Additional information
- We provide a proprietary Mutual Fund Data Service. This service provides securities industry firms with mutual fund share class and breakpoint data, enabling compliance with SEC regulations.
- Fund-specific rules from our service are maintained and automatically fed into AccountPro’s Suitability and Compliance Rules Engine. Mutual fund breakpoint, householding and other rules vary from fund to fund and are constantly changing. Without timely, accurate data, it is impossible to generate useful and accurate mutual fund compliance reports. For broker dealer firms that need to demonstrate compliance with mutual fund-related SEC regulations, AccountPro’s breakpoint and share class reports are invaluable.
Key Reports:
- Household Breakpoint
- Mixed Share Class
- Breakpoint Avoidance
- B Share Report
- Reinstatement Report
- Switch Report
- Diversification Report
- LOI Opportunity
- Withdrawal of Recently Deposited Funds
- Municipal Securities Trade Report
- Option Securities Trade Report
- General Securities Trade Report
- Daily Blotter
- Mutual Fund C Share Report - Aggregation
- Mutual Fund C Share Report – Single Purchase
- Active Wire Accounts
- Foreign Account Activity
- Trade History
- Ad Hoc Account Query
- Large Trade Exceptions
- Multiple Accounts Changes to Same Address
- Broker Address Changes
- No Physical Address Accounts
- Multiple Address Changes by Account
- Multiple Address Changes by Broker
- CDSC Trades
- Turnover Report
- Fee-Based Non-Activity Report
- Markup Surveillance
- Under $5 Trade Surveillance Securities Surveillance
Who uses it?
Broker dealer divisions who provide compliance and account management services
How will it impact your business?
AccountPro and its options are able to provide a central point of view between clearing firms in regards to account management, thus eliminating the duplication of work and the need to review your database at certain points to ensure the data is in sync.
Complementary Solutions / Services
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