Boston, MA, December 18, 2006 – New research from Aite Group, LLC, highlights the potential perils for broker/dealers that fail to supervise employees, and examines functionality now available through third-party supervisory technology solutions.
The report offers firms insights on implementation and business-case issues. It also provides detailed profiles of supervisory solutions offered by three key vendors: Actimize, Mantas and SunGard.
According to Eva Weber, an analyst at Aite Group and author of the report, "Broker/dealers want to do the right thing when it comes to supervision. But they need to ask themselves if their approaches and tools are delivering consistency and efficiency." Weber notes that some broker/dealers could realize a solid business case for implementing new tools on hard-dollar benefits, but "cost avoidance and retention of customer trust are powerful trump cards."
This 31-page Impact Report contains 13 figures and tables and 3 vendor profiles. Clients of Aite Group's Wealth Management service can download the report.