Best practices demonstrate that a key way to improve client service and deliver competitive investment solutions is through understanding and monitoring of clientsâ objectives and constraints. The accurate preparation and maintenance of Investment Policy Statements is a key component to clarifying client goals. The NorthStar Compliance Solution allows investment managers to capture this vital information, create Investment Policy Statements as well as to analyze client portfolios on the basis of their individual needs and audit them according to compliance requirements. This monitors risk and cost while promoting higher client service levels.
SunTrust selected the NorthStar Compliance Solution mainly due to a shared commitment to providing the highest quality of client service. âThe NorthStar Compliance Solution enables our advisors to automatically incorporate compliance best practices into our entire private wealth management workflow. The platformâs householding and comprehensive approach to the compliance process provides an important tool to mitigate risk and enhance our client relationship management,â said Andy Muldoon, Executive Vice President at SunTrust Bank. âThe extreme market volatility has made it more important than ever for wealth managers to closely monitor the financial needs and preferences of their clients,â said V. Balasubramanian, Senior VP, Professional Services, NorthStar Systems. âThe NorthStar Compliance Solution is a crucial tool for firms to strengthen their âknow your customerâ efforts, reduce risk, enhance client service and ultimately improve their ability to attract and retain assets.â
The NorthStar Compliance Solution is available as a stand-alone system, or as part of the complete NorthStar Desktop, delivered on-premise or on demand.