SYSTEMS AND METHODS FOR COMPLIANCE SCREENING AND ACCOUNT MANAGEMENT IN THE FINANCIAL SERVICES INDUSTRY

摘要

Systems and methods for assisting financial services firms in the suitability screening and management of customer accounts, including computer programs for implementing such systems and methods, are disclosed. An illustrative system for performing compliance and account management at a financial services firm can include a number of representatives each having a number of clients, a compliance department including a number of supervisors each having supervisory review over client accounts managed by the representatives, and a computer program that can be used to generate electronic account applications that can be transmitted directly to a fund company for the purchase of funds. The computer program can include a hierarchical rules engine that can be used to create electronic control hierarchies that facilitate principal review over accounts and trades generated by the representatives.