SEI is offering enhanced, online portfolio and account monitoring services for wealth managers, to help them deal with increasing regulations concerning account reviews.
Account reviews are processed automatically, and account compliance data is continually refreshed on a daily basis so that compliance exceptions are immediately identified. Account data is consolidated and readily accessible online for all departments, including auditing.
“SEI’s enhanced portfolio and account monitoring services significantly simplify the management of accounts from an investment review and administrative perspective,” said Richard Kardys, group executive vice president of Frost. The platform also helps to control risk management costs, he added.